President Javier Milei faced a significant challenge in Congress, narrowly escaping a major defeat as lawmakers worked to gather sufficient votes to partially overturn his veto of a pension spending bill. On Wednesday night, the lower house of Congress cast a vote of 160-83 to reject the veto, falling just short of the two-thirds threshold … Read more
Argentina’s government blames local banks, big industry, and the establishment for the third currency run of its administration. Milei sees it as a political attack on his economic plan. Heidentifies his scapegoats for the turbulent conditions affecting monetary markets at the end of the month. In addition to the well-known “Kukas” (which are relatively straightforward … Read more
President threats budget offenders with jail, accuses adversaries of “genocide” and suggests court fight over laws passed after congressional defeats. Javier Milei conducted his seventh nationwide broadcast since assuming office on Friday, utilizing the opportunity to rationalize a series of vetoes that were published in the Official Gazette earlier in the week under Decree 534/25. … Read more
President Javier Milei on Monday exercised his veto power against a law sanctioned by Congress aimed at enhancing pensions for the elderly and disabled, contending that it would compromise his efforts to achieve fiscal equilibrium in Argentina. It marks the second occasion since August 2024 that Milei, who identifies as a “anarcho-capitalist,” has obstructed a … Read more