Event:
The Brazilian government plans to cut its spending by almost $19 billion this year in an effort to reduce the country's debt and inflation growth; economists have revised current year GDP and next year's growth forecast downward in recent weeks
More Notable Events on February 25: 1987 Michael Jordan, scores Chicago Bulls record 58 points in a game
1987 U.S. Supreme Court upholds affirmative action, 5-4
1919 League of Nations set up by Paris Treaty
1879 Congress passed 1st Timberland Protection Act
1862 Paper currency introduced in U.S. by President Abraham Lincoln
