Milei Pledges Controversial Reforms and Clashes with Congress Amid Argentina's Deepening Economic Crisis
-
Javier Milei, Argentina's president, pledged to shut down Télam, the country's largest public news agency, accusing it of spreading "propaganda".
-
Milei vowed to continue pushing his economic reform agenda despite protests and opposition in Congress. He wants to slash government spending and cut perks for politicians.
-
Inflation in Argentina has surpassed 250% since Milei devalued the peso in December. Poverty levels have increased to almost 60%.
-
Milei proposed a 10-point "social pact" to provincial governors, including re-discussion of tax distribution frameworks he called "extortionate".
-
Milei struck an aggressive tone in his speech, saying he would penalize those who finance deficits by printing money. He told Congress if they oppose him, they will face a "different type of animal".