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2h ago

Milei Set Back by Veto Overrides, Deeper ANDIS Probe and Market Strain

A campaign reset signals weakened leverage heading into the Oct. 26 midterms.

A 100 días de su arresto, Cristina Kirchner saludó a su militancia desde el balcón. (X)
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Overview

  • Congress overturned presidential vetoes on university financing, a pediatric emergency measure and ATN coparticipation, delivering a rare and emphatic legislative defeat for the government.
  • Judge Sebastián Casanello ordered new raids in the ANDIS case sparked by audios attributed to ex-chief Diego Spagnuolo, and investigators reported finding US$80,000 in a safety deposit box.
  • The recordings describe alleged kickbacks naming Karina Milei and advisor Eduardo ‘Lule’ Menem, which President Javier Milei rejects as edited and generated with artificial intelligence.
  • Market pressures intensified as the Central Bank intervened with roughly US$1.1 billion to slow a surge in the dollar following the political shocks.
  • Rifts with provincial allies widened after dissenting votes from Mendoza deputies, while Milei relaunched the campaign in Córdoba, Minister Sandra Pettovello urged a vote for LLA, and the opposition rallied around Cristina Kirchner’s San José 1111 hub ahead of Oct. 26.