The $40 billion Argentina bailout.

On Sunday, Argentinian President Javier Milei’s La Libertad Avanza (Freedom Advances) party won approximately 41% of the national vote in the country’s midterms, outperforming polling expectations and more than doubling its representation in the next congress. The result gives Milei additional legislative support to uphold presidential vetoes and block impeachment efforts. It also serves as a vote of confidence in his administration, which has prioritized spending cuts and other large-scale reforms. In the weeks before the election, the Trump administration also provided $40 billion in financial support to stabilize the country’s currency and markets. 

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