US EditionWhat to Know About Argentina's Mid-Term Vote, a Key Test for Trump Ally Milei
The elections will decide the future of Milei’s neoliberal reforms amid a declining approval rating and conditional US financial aid, with recent polls showing a tight race.
- On Thursday, Argentina's far-right president Javier Milei blamed a hostile legislature as U.S. aid was conditioned on the October 26 elections, where half the Chamber of Deputies and a third of the Senate are at stake.
- Milei's popularity has been battered by high-profile scandals, including a memecoin collapse costing investors $250 million and José Luis Espert's withdrawal after admitting a $200,000 payment.
- Polls show a tight contest across multiple surveys; Trespuntozero gives Peronism 46.2% versus 40% for the ultra-liberal right, while Zentrix shows FP at 43.5% and La Libertad Avanza at 36.5%.
- Markets reacted sharply as investors fled Argentine bonds and the peso, which slid to a record low of 1,476 per dollar amid protests outside the U.S. Embassy in Buenos Aires.
- Despite policy wins, purchasing power declines and governance remains fragile as Milei's fiscal surplus and inflation drop from 43.5% to 2%, risking public trust if reforms stall.
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34 Articles
Victory for Milei’s party in Argentina midterm elections seen as test for his libertarian mandate and US support
Early results in Argentina’s legislative elections on Sunday showed a landslide victory for President Javier Milei as voters overwhelmingly backed his free-market reforms and deep austerity measures, providing a strong boost for the libertarian leader to continue his economic overhaul.
Buenos Aires, Argentina.- Argentina began to elect this Sunday a part of the members of Congress, a climate of exchange instability that puts to the test the program of President Javier Milei backed by an unpublished financial lifeguard of the United States. The elections are key to determine if Milei achieves the seats to support his decrees and to promote the tax, labor and provisional reforms that will mark the second half of his term. The vo…
The Argentines go to the polls for mid-term elections that will determine whether President Javier Milei will begin the second half of his strengthened or weakened mandate, while economic difficulties abound despite unprecedented US aid.
Argentina began to vote on Sunday in the legislative elections in which the ultraliberal Javier Millie has the ability to reform and deregulation within two years of its presidential mandate, a...
Bessent vows that US won't lose taxpayer money aiding Argentina
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Sunday said the U.S. will not lose any taxpayer funds in financial support measures for Argentina, saying the U.S. was backing a Latin American ally as it holds a key election. Read full story
Half the seats of the House and one third of the Senate are at stake (ANSA)
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