Overview

• During a White House meeting, President Trump said future U.S. approvals for Argentina would depend on who wins the upcoming parliamentary vote.
• Days earlier, Washington pledged $20 billion to support the Argentine peso as financial pressures persisted.
• Argentina will renew a portion of seats in both chambers on Oct. 26, and Milei’s party is aiming for gains to bolster a minority government.
• Markets remain tense, and the peso weakened after Milei’s coalition lost a key Buenos Aires provincial contest on Sept. 7.
• Milei’s austerity delivered the first budget surplus in 14 years and lower inflation but coincided with recession, job losses, protests, and a corruption affair involving his sister.