Overview
- Early counts show La Libertad Avanza taking about 40.8% of the national vote and edging the Peronists in Buenos Aires province with 41.5%.
- Government figures reported by Reuters indicate lower-house seats rising to roughly 64 from 37, with local media saying LLA swept six of eight provinces renewing Senate seats.
- The result strengthens Milei’s ability to defend vetoes and press his overhaul agenda after entering the vote with fewer than 15% of congressional seats.
- Washington’s potential $40 billion package — a signed $20 billion currency swap plus a possible $20 billion facility — appears backstopped by the outcome after President Trump warned support could be curtailed on a poor showing.
- Markets are expected to rally, though analysts still flag devaluation risk for the peso; Economy Minister Luis Caputo said no change to the exchange-rate band on Monday as inflation cools but austerity strains and corruption probes persist.