POLITICS & CONGRESS Milei’s bold decree suffers major setback after repeal in Senate 14-03-2024 21:18 President's initial dose of shock therapy teeters on the edge of collapse after Senate defeats his sweeping executive decree.
POLITICS & CONGRESS Blow for Milei as Senate rejects sweeping mega-reform decree 14-03-2024 20:31 President's sweeping deregulation DNU rejected by senators in upper house; Emergency deregulation decree now heads to lower house Chamber of Deputies, where it must also be voted down if it is to be repealed; Tensions reported between head of state and Victoria Villarruel, his vice-president.
POLITICS Milei sends scaled-back 'omnibus' reform bill to governors 14-03-2024 14:54 So-called ‘omnibus bill’ — now containing 269 articles, less than half than the original version — excludes the privatisation of YPF while maintaining sell-off of Aerolíneas Argentinas SA.
POLITICS & CONGRESS Milei won't resubmit reform plan to Congress until late 2025 29-02-2024 11:04 In an interview with British newspaper the 'Financial Times,' President Javier Milei says his sweeping 'omnibus bill' will be resubmitted to Congress – but not until December 2025
EDITORIAL Who crashed the omnibus? 10-02-2024 06:47 The government must be considered the chief architect of the self-destruction of its megalomaniac omnibus bill.
POLITICS & COMMUNICATION Milei’s frantic activity on social networks fuels political tension 09-02-2024 16:45 “Traitors” and “criminals” are just some of the words Javier Milei used to refer his critics and members of the opposition on social media this week.
BLOOMBERG – ANALYSIS Argentina bonds slump as Milei reforms go back to square one 07-02-2024 10:12 Argentina bonds dropped in early trading after President Javier Milei’s reform package was sent back to square one in Congress.
Congress & Politics Milei's economic reforms stall in Congress, bill returned to committee stage 06-02-2024 21:55 President Milei's ‘omnibus’ mega-reform bill dealt major setback lawmakers in Congress prevented it from advancing; Bill was promptly returned to committee stage for a rewrite.
Omnibus bill rejection President slams provincial governors after Congress setback 06-02-2024 21:47 Milei, who is in Israel on his first bilateral trip abroad, vows to continue forward with his economic programme “with or without the political class that destroyed the country."
POLITICS & CONGRESS Lower house of Congress approves Milei’s omnibus bill 02-02-2024 19:20 In a 144-109 vote, lawmakers passed President Milei’s first major piece of legislation after he made significant concessions. The bill could still be modified significantly, however.
EDITORIAL An omnibus not for everybody 02-02-2024 14:46 Uncertainty is by no means limited to the final outcome of Javier Milei's bill in Congress.
POLITICS Congress resumes omnibus bill debate after night of tempers and tension 02-02-2024 13:14 Lawmakers resume debate over Milei government’s omnibus bill as marathon session enters third day; Tempers now calm but security still heavy after night of police clashes with protesters and complaints in the chamber.
Congress & Politics Police battle protesters outside Congress as omnibus bill debate extends to Friday 02-02-2024 08:54 Riot police fired rubber bullets and tear gas on Thursday to disperse protesters gathered outside Congress as lawmakers debated the Javier Milei's sweeping reform package.
Congress & Politics Lawmakers debate President Milei's mega reform package 01-02-2024 00:39 Lawmakers are prepared for a marathon session, with an initial 35 hours of debate planned over several days, and 200 speeches.
CONGRESS Key test for Milei as lower house opens debate on ‘Omnibus’ reform bill 31-01-2024 12:24 Ruling party obtains quorum and debate begins on President Milei’s sweeping ‘Omnibus’ mega-reform bill; Session expected to last at least 35 hours as libertarian leader faces first true legislative test in the lower house Chamber of Deputies; Government confident it has the numbers.
POLITICS Government pushes back ‘Omnibus’ debate again, eyes Wednesday session 29-01-2024 16:59 Wednesday now looks to be ‘D-day’ for President Javier Milei’s government; Sources close to ruling party’s lower house caucus say they will expect debate to take at least 40 hours.
Congress & Politics Government pulls key fiscal reforms from Omnibus bill to smooth passage 27-01-2024 11:03 Economy Minister Luis Caputo announces President Javier Milei's government will withdraw the fiscal chapter of its sweeping 'Omnibus bill' reform package to ease its passage through Congress.
Congress & Politics Milei shelves austerity plan as Congress debates bill 27-01-2024 10:04 Main austerity measures in president's sweeping reform bill to be culled in order to get it through Congress, implying deeper spending cuts in the future.
Congress & Politics Omnibus bill: Controversy over signing of committee majority opinion 25-01-2024 21:12 Majority opinion on controversial bill was fully backed by government deputies with partial dissidence from the moderate opposition. Legislation was due to reach house floor was on Thursday but Caputo’s bid was gridlocked by Pichetto and De Loredo.
Congress & Politics Milei’s bill approved by congressional committees 23-01-2024 22:44 A vote on the floor of the lower house is expected for Thursday, one day after labour movements stage a national strike against Javier Milei’s austerity measures.
CINEMA & FILM Milei backtracks on cinema cuts after protests spread abroad 23-01-2024 20:41 President Javier Milei’s plan to strip Argentina's film industry of public funding, along with other cultural areas, may be prompting the government to backtrack in part.
Congress & Politics New version of 'Omnibus Bill' with amendments sent to Congress 23-01-2024 16:29 Point by point, the main changes to the Milei administration's 'Omnibus Law'; Government has eliminated over 100 articles after negotiations with opposition sectors as it battles for bill's approval in Congress.
Congress & Politics Milei seeks to increase number of Argentines paying income tax 23-01-2024 13:33 Proposal that will be sent to Congress on Tuesday establishes that individuals making more than 1.3 million pesos (US$1,583) a month should by paying income tax.
BLOOMBERG – ANALYSIS President gets pragmatic as hostile Congress forces him to negotiate 23-01-2024 12:08 For a leader who rose to Argentina’s top job by touting radical proposals and showing little willingness to negotiate with the country’s “political elite,” Javier Milei is turning into quite the pragmatist.
POLITICS Instant democracy and turbo-politics in the age of Milei 13-01-2024 06:58 No-one can predict how long Javier Milei’s honeymoon period will last, but it does appear to be softening a bit. by Agustino Fontevecchia
POLITICS – ANALYSIS The ‘right plan,’ the ‘only plan,’ or ‘no plan’? 06-01-2024 07:33 Either Milei is a daredevil convinced he’ll make it out alive, he has no choice and is winging it, or he’s got a couple of cards up his sleeve that we’re not seeing. by Agustino Fontevecchia
POLITICS & JUDICIARY First judicial setbacks for Milei’s reform push 05-01-2024 00:58 Labour appeals court suspends key portions of mega-decree after legal challenges from top union groups, dealing president a setback.
REACTION TO REFORM PACKAGAE Milei defends mega-decree plan in wake of pot-banging protests 21-12-2023 16:49 Javier Milei reiterates importance of his economic reform plan and says extraordinary sessions will be called in Congress to secure its approval. "I must warn you more is coming, you’ll soon find out," declares president.
POLITICS United States takes president-elect’s political pulse 28-11-2023 15:44 Joe Biden's government wants to “listen to the ideas” of Javier Milei to see where he is heading in his policy, making use of his current visit to the United States.
POLITICS Milei visits rabbi’s grave in NYC, lunches with Bill Clinton 27-11-2023 18:42 Argentina's president-elect heads to New York City to visit the grave of Rabbi Menachem Mendel Schneerson and share a lunch with former US president Bill Clinton. Later he flies to Washington DC for the 'work' leg of the trip.
'Ganancias' bill in Congress Income tax bill clears lower house with support from Milei, left-wingers 20-09-2023 16:38 Bill to raise ‘ganancias’ threshold to 1.77 million pesos approved by lower house; 135 Frente de Todos, provincial party, leftist and libertarian deputies, among others, back it; 103 votes against, mostly Juntos por el Cambio.
ECONOMIC OUTLOOK Budget bill sees 70% inflation, 600 pesos a dollar, 2.7% growth in 2024 16-09-2023 14:20 Economy Ministry sends draft 2024 budget to the lower house; Bill forecasts growth of 2.7% and 70% inflation.
BILLS, BILLS, BILLS Central Bank finally puts 2,000-peso bill into circulation 23-05-2023 12:53 Argentina begins circulating new higher denomination banknote as consumer prices continue to surge; New bill worth just US$8.50 at official rate and close to US$4 on parallel markets.
ECONOMY Argentina introduces 2,000-peso banknote 22-05-2023 21:22 Argentina introduces largest-denomination banknote; New 2,000-peso bill put into circulation by Central Bank valued at around US$4 on parallel market and US$8.50 at official rate.
PIONEERING MEASURE Chile's Congress approves drop in work week to 40 hours 11-04-2023 18:00 Chilean Congress approves bill that will limit the working week to 40 hours, a measure that will be implemented gradually over the next five years.
POLITICS & JUDICIARY Government summons Congress to debate Supreme Court impeachment 13-01-2023 18:06 President Alberto Fernández’s government calls extraordinary sessions of Congress, starting January 23; Among bills are one that would impeach members of the Supreme Court for "poor performance."
POLITICS & CONGRESS Lower house approves 2023 Budget after marathon session 26-10-2022 12:23 Ruling coalition secures approval of 2023 Budget bill with 180 votes in favour, 22 against and 49 abstentions, though articles to strip income tax exemptions for judges and judicial workers fails to win support.
2023 Budget Government's budget bill forecasts 60% inflation in 2023 16-09-2022 09:01 Argentina's government will forecast inflation hitting 60% in 2023 in its proposed budget, according to sources in Economy Ministry.
JUDICIARY Senator presents bill to reform Supreme Court 26-04-2022 16:28 Río Negro senator and former governor Alberto Weretilneck presents bill to reform Supreme Court, proposing 16 justices, gender equality and greater federalism.
RULING COALITION Frente de Todos senators eye bill to tax undeclared assets held overseas 28-03-2022 22:02 Ruling coalition senators propose new bill that would tax the undeclared assets of citizens held overseas and use them to pay off IMF debt.