Milei Wins Approval for Landmark Economic Reform in Argentina

Argentina’s Congress approved President Javier Milei’s signature pro-business reforms, marking an inflection point for the outsider to govern with a hostile political class he continues to rail against.

The Chamber of Deputies passed a sweeping bill, known in Spanish as the Ley de Bases, early Friday in a final 147 to 107 vote. The biggest victory may come later, however, when lawmakers could also approve the return of income taxes in the accompanying fiscal package, reversing the Senate’s bid to undo the measure. The extra tax revenue would give the government breathing room to reach its fiscal targets and ...