Overview

• Argentina’s Chamber of Deputies voted to reject President Javier Milei’s vetoes on university financing and a pediatric emergency for the Garrahan hospital after large street mobilizations.
• The government convened a cabinet meeting to assess the setback and mapped campaign moves, while signaling doubts about taking the ratified laws to court.
• Market stress followed the votes as the Central Bank sold about US$53 million to defend the peso after it hit the top of the exchange band, with risk indicators also higher.
• The Senate scheduled debate on overturning Milei’s veto of automatic provincial ATN transfers, positioning another potential defeat for the executive pending the upper chamber’s vote.
• In Peru, President Dina Boluarte endorsed an eighth AFP withdrawal as Fuerza Popular pledged support, drawing warnings from economists that repeated payouts are depleting retirement savings and undercutting future pensions.