Overview

• Financial Times characterizes the moment as the greatest crisis of Javier Milei’s presidency, citing weakening approval and political isolation after a heavy defeat in the Province of Buenos Aires.
• The government escalated its confrontation with Congress by vetoing laws on pediatric emergency care, university funding and ATN distribution, with the Chamber of Deputies and the Senate preparing sessions to challenge the vetoes this week.
• Lisandro Catalán is set to be sworn in as interior minister on Monday, taking over a politically fraught brief after a poor turnout of governors at the Casa Rosada and a rival gathering of provincial leaders in Córdoba.
• The ANDIS bribery investigation advanced after testimony from Fernando Cerimedo about audios linked to former agency head Diego Spagnuolo, with prosecutors reviewing evidence tied to alleged kickbacks involving the drug distributor Suizo Argentina.
• Markets reflected the political strain as the peso fell roughly 4% after the Buenos Aires vote, sovereign dollar bonds dropped about six cents before a partial rebound, and risk indicators remained elevated above 1,000 basis points.