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Congress Sets Vote to Remove Espert From Budget Chair as Milei Holds the Line

The transfer disclosure has turned a campaign headache into a test of governability.

Overview

  • Opposition blocs scheduled a special lower-house session for Wednesday to take José Luis Espert out of the Budget and Finance Commission and advance limits on emergency decrees.
  • Despite pressure inside the coalition, the government reworked its campaign plan and Javier Milei plans joint appearances with Espert as a show of support.
  • The Economy Ministry sold about US$200 million to hold the wholesale exchange rate at roughly 1,424 pesos, signaling intervention in a volatile week for bonds and the peso.
  • Security tensions escalated in Santa Fe as clashes disrupted a planned walk; five people were arrested by federal forces and placed at a federal prosecutor’s disposal.
  • Buenos Aires governor Axel Kicillof accused the national government of freezing public works and said the province is pursuing a roughly US$12 billion claim before the Supreme Court over withheld funds.