\n<\/p>\n
The congressional setback arrives as Milei\u2019s political party faces slumping popularity headed into a midterm election.<\/em><\/p>\n Published On 2 Oct 2025<\/span>2 Oct 2025<\/span><\/p>\n Click here to share on social media<\/p>\n share2<\/p>\n Argentina\u2019s struggling President Javier Milei has suffered a new setback as Congress overturned his vetoes of laws increasing funding for public universities and for paediatric care.<\/p>\n On Thursday, senators invalidated both vetoes, which had already been rejected by the Chamber of Deputies, bringing to three the number of laws upheld by Congress despite vehement opposition from the budget-slashing Milei.<\/p>\n list of 3 items<\/span>end of list<\/span><\/p>\n Milei, who has implemented deep austerity policies to reduce the size of government, had said the new spending would jeopardise Argentina\u2019s fiscal balance.<\/p>\n The Senate\u2019s vote comes as the United States-backed Milei struggles to end a run on the national currency, the Argentinian peso, in the run-up to the crucial October 26 midterm elections.<\/p>\n The 54-year-old right-winger, in power since December 2023, has been on the ropes since his party\u2019s trouncing by the centre-left in Buenos Aires provincial polls last month.<\/p>\n Those elections, seen as a bellwether ahead of the midterms, shredded his aura of political invincibility and sent markets into a tailspin.<\/p>\n \u201cThere\u2019s a sensation of disenchantment and anger with the impact of the cutbacks,\u201d said Sebastian Halperin, a political consultant in Buenos Aires.<\/p>\n He added that Milei had failed to build alliances with governors who influence how their province\u2019s legislators vote in Congress.<\/p>\n Last week, the US government announced it was in talks with Argentina on a $20bn swap line aimed at shoring up the peso.<\/p>\n US President Donald Trump sought to buoy his close ally at talks in New York last week, saying: \u201cHe\u2019s doing a fantastic job.\u201d<\/p>\n The two are expected to meet in October as Milei seeks to secure a credit swap line from the US.<\/p>\n Analysts say, however, the president still needs a strong result in the midterms to avoid compromising the progress he has made in steadying Argentina\u2019s economy.<\/p>\n After rallying briefly, the peso slumped again this week over market uncertainty about the amount and extent of the US financial help on offer.<\/p>\n","protected":false},"excerpt":{"rendered":" The congressional setback arrives as Milei\u2019s political party faces slumping popularity headed into a midterm election. Published On 2 Oct 20252 Oct 2025 Click here to share on social media share2 Share Argentina\u2019s struggling President Javier Milei has suffered a new setback as Congress overturned his vetoes of laws increasing funding for public universities and<\/p>\n","protected":false},"author":1,"featured_media":25505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[15403,4579,116,558,15404,15405,150,6515,1059,12950],"class_list":{"0":"post-25504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-argentinas","9":"tag-congress","10":"tag-funding","11":"tag-government","12":"tag-javier","13":"tag-mileis","14":"tag-news","15":"tag-overturns","16":"tag-president","17":"tag-veto"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/25504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25504"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/25504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/25505"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recommended Stories <\/h2>\n