PREVIEW

Milei Scores Decisive Midterm Win, Strengthening Grip on Argentina’s Economic Overhaul. Argentine President Javier Milei’s libertarian party secured a decisive victory in midterm legislative elections, reinforcing his mandate to continue radical economic reforms. The results mark a political comeback for Milei, whose popularity had dipped amid harsh austerity measures and public discontent. U.S. President Donald Trump praised Milei’s victory, calling it a “landslide” and affirming that his confidence in Argentina’s leader was “justified by the People of Argentina.” Analysts said voters appeared motivated by fears of renewed economic chaos if Milei’s fiscal tightening were abandoned, despite cuts to subsidies that have strained households. Milei celebrated the results in Buenos Aires, declaring that Argentines “don’t want to return to the model of failure.” With a strengthened position in Congress, Milei can now defend his decrees more easily and forge alliances with moderate lawmakers, analysts said. The Trump administration, which has backed Milei’s reforms, is offering Argentina a potential $40 billion bailout package to stabilize the economy and encourage private investment.
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