Summary
Argentina's Congress has overturned President Javier Milei's vetoes on laws aimed at increasing funding for public universities and pediatric care. This decision marks a setback for President Milei, who has been implementing strict budget cuts, as he tries to manage a declining national currency before upcoming midterm elections.
Key Facts
- Argentina's Congress reversed President Javier Milei's vetoes on funding for public universities and pediatric care.
- The vetoes were first rejected by the Chamber of Deputies and then by the Senate.
- President Milei is known for his austerity policies, which aim to reduce government spending.
- The U.S.-backed Milei has struggled with the Argentinian peso losing value.
- Argentina faces important midterm elections on October 26.
- Milei's party lost recent polls in Buenos Aires, affecting his political standing.
- The U.S. and Argentina are discussing a $20 billion financial swap to support the peso.
- U.S. President Donald Trump expressed support for Milei and plans to meet him in October.
