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Milei Pivots to Interior, Seeks Foreign Backing as Congress Advances DNU Limits

The push follows veto defeats plus a costly defense of the currency band.

Overview

  • After the dollar hit the band ceiling, the Central Bank sold about US$1.11 billion this week to support the peso, including a record daily outflow reported on Friday.
  • Congress dealt fresh blows by rejecting presidential vetoes on university funding, a pediatric emergency law and ATN redistribution, while a bill to restrict DNU use has Senate approval and is moving toward a committee vote on Sept. 30 in Deputies.
  • The government filed the 2026 budget and expects formal debate to stretch beyond the Oct. 26 vote, seeking a deal with governors to project predictability.
  • Milei begins a New York trip for the UN General Assembly, a meeting with IMF chief Kristalina Georgieva and a planned bilateral with Donald Trump, then resumes a personal campaign swing through interior provinces.
  • Officials signal “advanced” talks with the U.S. Treasury for a 2026 debt backstop, though the finance team labels reported figures speculative; governors coalesce in Provincias Unidas and some allies broke ranks on veto votes, as the Presidency disputes leaked ANDIS audios as AI-fabricated.