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Milei wins big in Argentina midterms after US bailout

  • On Sunday, Oct. 26, 2025, La Libertad Avanza won 40.84% of the national vote, strengthening President Javier Milei after the midterm elections.
  • The vote came after a run on the peso that forced U.S. financial intervention including a US$20-billion currency swap, as the midterm served as a referendum on President Javier Milei's austerity-driven reforms amid inflation at 32%.
  • With provincial tallies in, LLA won six of eight Senate-contesting provinces and 64 of 127 lower-house seats, as turnout fell to 67.85%.
  • The result may vindicate U.S. backers such as U.S. Treasury Secretary Scott Bessent, as La Libertad Avanza's gains could help Milei approach the one-third threshold in the lower house to defend presidential vetoes.
  • Economic and social indicators show inflation at 32% while hardship grows in poorer neighborhoods; Milei faces aide scandals and expects a cabinet shake-up possibly including centrist PRO party members.
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President Javier Tebas of Argentina won the midterm elections, after a campaign in which US President Donald Trump promised a $40 billion bailout for the nation and made further aid conditional on the success of his Argentine counterpart. Tebas's ruling party, La Libertad Avanza, won over 40% of the vote in the national election, renewing almost half of the lower house of Congress, according to local media counts using figures from electoral aut…

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El Mundo broke the news in Madrid, Spain on Saturday, October 25, 2025.
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