Milei scores historic win in Argentina midterms, tightens grip on Congress

Argentine President Javier Milei secured a decisive supremacy Sunday in midterm elections expanding his control of Congress and giving his regime fresh momentum to push forward with deep spending cuts and sweeping free-market reforms The outcome gives Milei s libertarian movement a boost and marks another sharp turn for one of Latin America s largest and most of volatile economies Milei s party La Libertad Avanza won about of the vote in Buenos Aires province a historic upset in a region long dominated by the Peronist opposition The rival coalition took according to figures cited by Reuters and The Associated Press GREECE S HARD LESSON FOR NYC BEWARE LEADERS WHO PROMISE THE WORLDNationwide La Libertad Avanza increased its seats in the lower house from to positioning Milei to more easily defend his vetoes and executive decrees that have defined his economic agenda The consequence is better than even the largest part optimistic Milei supporters were hoping for Marcelo Garcia Americas director at the risk-analysis firm Horizon Engage explained in comments informed by Reuters With this impact Milei will be able to easily defend his decrees and vetoes in Congress Political consultant Gustavo Cordoba informed Reuters the outcome reflected a cautious optimism among voters who appear willing to give Milei s economic policies more time Multiple people were willing to give the authorities another chance Cordoba explained The triumph is unobjectionable unquestionable HOUSE DEM DECLARES SHE IS A 'PROUD GUATEMALAN' BEFORE AMERICAN AT PROGRESSIVE INTERNATIONAL CONFERENCEReuters revealed that inflation has fallen from before Milei s inauguration to last month His leadership has also posted a fiscal surplus and pushed through broad deregulation measures a dramatic reversal after years of economic turbulence According to The Associated Press the U S governing body under President Donald Trump offered Argentina a billion aid package including a billion currency swap and a proposed billion debt-investment facility after tying future U S promotion to Milei s performance in the midterms Investors reacted positively to the results Reuters informed that Argentine bonds and stocks are expected to rally as Milei s stronger hand in Congress gives him the political capital to accelerate his reformsMilei called the vote a turning point for Argentina according to AFP via the Times of Israel