Milei's Radical Reforms Stalled by Congressional Pushback as Argentina's Economic Woes Deepen
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Milei was elected president of Argentina on a platform of radical economic reforms to address high inflation, poverty, and debt.
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He quickly implemented some reforms like currency devaluation and cutting subsidies, but struggled to get congressional approval for more far-reaching changes.
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Milei issued an emergency decree bypassing congress to deregulate and cut social programs, but it was ruled unconstitutional and later rejected by the Senate.
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His omnibus reform bill was watered down and eventually withdrawn due to lack of political support.
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Without congressional backing, Milei is now stuck waiting until 2025 to try again, while inflation, poverty and unrest are getting worse.