Milei's party wins Argentina midterm vote in major comeback | Fortune
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Milei's party wins Argentina midterm vote in major comeback | Fortune
"President Javier Milei's party won Argentina's midterm vote Sunday, a result that will give the libertarian leader a strong foothold in Congress to continue pursuing aggressive free-market policies that have won praise and a financial lifeline from Donald Trump. Milei's party, La Libertad Avanza, received 41% of votes nationwide with 92% of ballots counted, according to data published by Interior Minister Guillermo Francos on Sunday."
"Milei said in a victory speech that he'd have the backing of 101 members of the lower house and 20 senators, without specifying if that total included members of other parties he had partnered with in the vote. The results would push Milei comfortably past the one-third of seats he needs in the 257-member lower house to protect his veto power, as well as a base to pursue legislative priorities like tax, labor and pension reforms as he seeks to overhaul the nation's beleaguered economy."
La Libertad Avanza received 41% of the nationwide vote with 92% of ballots counted, leading in most provinces and outpacing the main opposition which gathered about 32%. Milei claimed backing of 101 lower-house members and 20 senators, a coalition that surpasses the one-third threshold in the 257-member lower house to protect veto power. The congressional foothold creates capacity to push tax, labor, and pension reforms aimed at overhauling the struggling economy. A prior loss in Buenos Aires province prompted a peso selloff and prompted financial support from the Trump administration. Donald Trump publicly congratulated Milei on the victory and praised his performance.
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