Overview

• Lawmakers overturned President Javier Milei’s veto on a bill boosting disability benefits, signaling rare congressional pushback tied to the scandal at the National Disability Agency.
• Financial stress has intensified, with stocks down over 14% in August, the peso weaker and bond yields near 13% as the Treasury reversed course to intervene in the FX market.
• Leaked recordings attributed to ex-ANDIS chief Diego Spagnuolo allege kickbacks involving figures close to Milei, prompting his dismissal, a court seizure of his phone and probes into supplier Suizo Argentino; Milei denies the claims.
• An internal struggle is reshaping the president’s circle as Karina Milei and the Menem allies gain control of campaign strategy and strategist Santiago Caputo is sidelined from top decision-making.
• With Buenos Aires Province voting on Sept. 7 and midterms on Oct. 26, polls show approval slipping and investor notes from JPMorgan and Morgan Stanley frame market outcomes around how hard the government is hit at the ballot box.