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Olympic Bid Competition Doesn't Hurt US-Brazil Relations

ABC News(BRASILIA, Brazil) -- He lost an Olympic bid to Brazil and is still smarting a bit, but that didn’t stop President Obama from making a deal with the second biggest democracy and economy in the hemisphere.

The president joked twice about Brazil beating the United States for the 2016 Summer Games. He then said the two nations will sign two agreements, an open skies deal and a trade cooperation agreement.

“We’re pleased to do that,” the president said at a meeting with Brazilian CEOs.

The two countries have been trying to reach another deal on simplifying visa rules, but he said that agreement is “not all worked through.” Obama said progress is being made on the visa deal.

Copyright 2011 ABC News Radio

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