"Argentines woke up to a politically emboldened President Javier Milei after a dramatic victory in mid- term elections on Sunday. The libertarian president and staunch Donald Trump ally secured more than 40% of the popular vote, and solidified his hold on power in the National Congress, where he had previously struggled to push parts of his agenda through. The scope of the victory surprised even Milei."
"Just over one month ago, the president's party had lost badly in legislative elections in the province of Buenos Aires. But the story Sunday was very different, and sent a clear message following two years of austerity measures that drastically cut public spending, and helped drive down chronically high inflation. Corruption scandals, and a wild few weeks of economic instability did not dampen the support that he maintains among a sizable part of the population."
Javier Milei won more than 40% of the popular vote in midterm elections, expanding his party's hold in the National Congress. La Libertad Avanza surpassed the left-leaning Peronist opposition by roughly nine points and unexpectedly won Buenos Aires province. The victory followed two years of austerity that drastically cut public spending and helped reduce chronic inflation. Corruption scandals and recent economic instability failed to erode his base. The Argentine peso strengthened after the vote, reflecting market confidence. Milei vowed to continue reforms, and former President Donald Trump publicly congratulated him amid a recent $40-billion U.S. bailout to stabilize the peso.
Read at www.npr.org
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