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**Summary:**

Argentine President Javier Milei is facing increasing political headwinds. Congress has overturned his vetoes of laws increasing funding for public universities and pediatric care, highlighting a growing rift. This comes as Milei’s popularity is declining ahead of crucial midterm elections in October. His austerity measures are causing public discontent, and his party recently suffered a significant defeat in Buenos Aires provincial polls. Milei is seeking financial assistance from the U.S. to stabilize the Argentinian peso, but the market remains uncertain, and the success of his economic plan hinges on a strong showing in the upcoming midterms.

**News Article:**

**Milei’s Austerity Drive Stumbles as Argentine Congress Rejects Vetoes Amid Slumping Popularity**

**BUENOS AIRES** – Argentine President Javier Milei suffered a significant setback this week as Congress overturned his vetoes of laws boosting funding for public universities and paediatric care. This marks the third time Congress has overridden Milei’s objections, signaling growing resistance to his deep austerity policies.

The Senate’s vote invalidates Milei’s attempts to curb government spending, which he argued jeopardized Argentina’s fiscal balance. The move comes at a critical juncture for the right-wing leader, whose popularity is waning ahead of the October 26th midterm elections. Recent losses in Buenos Aires provincial polls, considered a key indicator for the midterms, have shaken confidence in Milei’s leadership and triggered market instability.

Analysts attribute the shift in public sentiment to growing “disenchantment and anger” over Milei’s stringent cutbacks. Political consultant Sebastian Halperin noted the President’s failure to forge alliances with provincial governors, impacting congressional votes.

Milei is currently seeking to shore up the struggling Argentinian peso through international support. Talks are underway with the United States for a potential $20 billion swap line. US President Donald Trump, a known ally, has voiced his support. Despite potential US aid, market uncertainty persists, and a strong midterm performance is seen as crucial for Milei to maintain momentum on his economic stabilization plan.

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