Milei Suffers Major Setback as Argentine Senate Rejects President's Sweeping Economic Reforms
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Argentine President Javier Milei's "mega decree" of deregulatory economic reforms was rejected by the Senate.
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The 42-25 vote marks a significant setback for Milei's plans to overhaul the economy.
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Opposition Senator Martin Lousteau voted against the bill because "it is unconstitutional."
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The decree still has a chance in the lower house if one chamber approves it. Milei's party lacks a majority in both chambers.
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This is Milei's second legislative defeat after last month's rejection of his proposed "Omnibus Law" reforms.