POLITICS

Milei Wins Big, Gains Veto Shield

Argentina’s President Javier Milei scored a resounding win in Sunday’s legislative elections, with his party topping 40 percent and securing enough seats to block veto overrides. The result, hailed by Milei as a 'turning point,' bolsters his push for deeper austerity, deregulation and tax cuts after inflation fell from 160 percent annually to about 30 percent this year. President Trump had tied a potential $20 billion U.S. currency swap to Milei’s success. Markets awaited Monday’s open; the peso strengthened in round-the-clock crypto trading amid low turnout of 68 percent, the lowest since 1983.

Reviewed by JQJO team

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