""The Argentine people have decided to leave behind 100 years of decadence," Milei exulted as his supporters cheered, referring to a succession of Peronist governments that brought Argentina infamy for its inflationary spirals and sovereign debt defaults. "Today we have passed the turning point. Today we begin the construction of a great Argentina.""
"Milei, a key ideological ally of U.S. President Donald Trump, said his party and allied blocs picked up 14 seats in the Senate and 64 in the lower house of Congress on Sunday, bolstering the government's support in the legislature enough to uphold presidential vetoes and block impeachment efforts."
Javier Milei's La Libertad Avanza won over 40% of the vote in midterm elections, outperforming Peronism's roughly 31% and exceeding projections. The party and allied blocs picked up 14 Senate seats and 64 lower-house seats, strengthening the government's capacity to uphold vetoes and block impeachment. The victory provides momentum for spending cuts and ambitious tax and labor reforms and automatically positions Milei as a potential 2027 reelection candidate. Washington and Wall Street closely watched the results as the U.S. conditioned a $20 billion currency swap and an additional $20 billion private loan on a strong showing for Milei.
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