Milei's Party Wins Midterm Elections

On October 26, 2025, President Javier Milei’s La Libertad Avanza party triumphed in Argentina’s midterm elections, capturing ~41% of the vote and gaining seats in Congress. The victory—defying earlier polls showing public fatigue with austerity—strengthened Milei’s hand for deeper spending cuts and deregulation amid 140% inflation. High turnout (~70%) signaled voter support for his “chainsaw” reforms, bolstered by a $20B U.S. bailout tied to the win. The result crushed Peronist opposition and marked a major midterm boost for Milei’s libertarian agenda halfway through his term.

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