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30m ago

Senate Sets Oct. 2 Bid to Override Milei Vetos as President Seeks U.S. Support

Mounting market stress is driving a search for U.S. backing after heavy central‑bank dollar sales and a sliding peso.

Nueva crítica del Financial Times al gobierno de Milei: habló de una política económica “insostenible”.
El presidente de la Diputación de Valencia, Vicent Mompó, en el centro, junto a los diputados provinciales del PP Pedro Cuesta, Imma González, Amparo Folgado, Paz Carceller y Rocío Gil.
Concentración ayer en Monforte de Lemos. | Eliseo Trigo/EFE
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Overview

  • Opposition leaders secured plans for a special Senate session on October 2 to try to overturn Milei’s vetoes on university funding and the pediatric emergency, after the Chamber of Deputies rejected both by wide margins.
  • Milei reworked his travel plans but still intends meetings in New York with U.S. President Donald Trump and IMF chief Kristalina Georgieva as he seeks political and potential financial support.
  • Officials cite past comments by U.S. Treasury Secretary Scott Bessent about possible Exchange Stabilization Fund use in an external shock, though no commitment or terms have been announced.
  • Market strain has intensified, with the central bank selling about USD 1.1 billion in three days, the peso down roughly 10% this month, and country risk climbing above 1,400 points.
  • Congress opens debate on the 2026 Budget, with the government aiming to delay final votes until after the legislative renewal as judicial probes and parliamentary demands over the ANDIS audio scandal add pressure.