Javier Milei claims victory in Argentine midterm election

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00:00Argentina's president, Javier Malay, is claiming a major victory this morning,

00:07winning key districts in midterm elections and securing what he calls a mandate to keep

00:12remaking his country's economy. Malay says his party and allies picked up 14 seats in the Senate

00:18and 64 in the lower house, enough to uphold presidential vetoes and block any impeachment

00:24attempts. The victory gives him room to press ahead with his plan to slash state spending

00:29and deregulate the economy, agenda items that have deeply divided Argentinians but impressed

00:35investors. With the win, the Trump administration is expected to follow through on a $40 billion

00:41financial lifeline, a deal that was contingent on Malay staying in power.