Categories: विदेश

UPDATE 2-Argentina's Milei suffers veto overrides again, a blow before consequential midterms

(Adds details, quote in paragraphs 6-9) BUENOS AIRES, Oct 2 (Reuters) – Argentine lawmakers overturned on Thursday two vetoes by President Javier Milei, marking a setback for the libertarian leader ahead of key legislative elections that could shape the future of his economic reform agenda. The opposition-controlled Senate voted overwhelmingly to override Milei's vetoes of bills boosting funding for public universities and pediatric health care, with margins of 59-7 and 58-7, respectively. Milei, who has implemented deep austerity policies to reduce the size of government, said the new spending would jeopardize Argentina's fiscal balance. In September, Argentina's congress for the first time overturned a veto issued by Milei, reinstating a bill that increased spending for people with disabilities. It is a precarious time for Milei as the country prepares for midterm elections on October 26 and his popularity drops in the face of a corruption scandal and public weariness with his austerity measures. "There's a sensation of disenchantment and anger with the impact of the cutbacks," said Sebastian Halperin, a political consultant in Buenos Aires, adding that Milei had failed to build alliances with governors who influence how their province's legislators vote in Congress. Milei recently received a show of support from U.S. President Donald Trump, who said he would help stabilize Argentina's financial markets. The two are expected to meet in October as Milei seeks to secure a credit swap line from the United States. Analysts say, however, the president still needs a strong result in the midterms to avoid jeopardizing the progress he has made in steadying Argentina's economy. (Reporting by Lucila Sigal, Nicolas Masculin and Natalia Siniawski; Writing by Leila Miller; Editing by Kylie Madry and Nia Williams)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

BRIEF-4Dmedical Secures A$22.6 Million Via Option Exercise

Oct 3 (Reuters) - 4DMedical Ltd: * SECURES A$22.6 MILLION VIA OPTION EXERCISE Further company…

13 seconds ago

Serie A Summaries

Oct 2 (OPTA) - Summaries for the Serie A on Thursday (start times are BRST)…

44 seconds ago

Applied Materials flags $600 million revenue hit in 2026 on broader chip export curbs

(Reuters) -Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue…

7 minutes ago

UPDATE 4-Jazz Pharma, Roche's combination therapy for lung cancer gets US approval

(Adds pricing details from Jazz Pharma in paragraph 6) By Siddhi Mahatole Oct 2 (Reuters)…

14 minutes ago

Planemaker Embraer delivers 62 jets in Q3, up 5% from a year earlier

By Andre Romani SAO PAULO (Reuters) -Brazilian planemaker Embraer said on Thursday it delivered 62…

20 minutes ago

OpenAI asks court to dismiss trade-secret lawsuit from Musk's xAI

By Blake Brittain (Reuters) -OpenAI asked a federal judge on Thursday to dismiss a lawsuit…

21 minutes ago