Argentina's Milei Party Wins Midterms Boosting Reform Agenda Amid Low Turnout

Argentina's President Javier Milei's party, La Libertad Avanza, achieved a significant victory in the 2025 midterm legislative elections, securing approximately 41% of the vote and more than doubling its seats in both the Chamber of Deputies and Senate. This marked a historic political shift in Buenos Aires province, traditionally a Peronist stronghold, as Milei's party surpassed the Peronist coalition substantially. The win provides Milei with the political capital to push forward ambitious economic reforms including deregulation, labor, tax, social security changes, and privatizations, backed by substantial financial aid from U.S. President Donald Trump. Despite the victory, Milei faces challenges due to political polarization and provincial resistance, necessitating careful negotiation to maintain institutional stability. Voter turnout was notably low, the lowest since Argentina's return to democracy, but the results are expected to bolster Milei's ability to prevent veto overrides and impeachment attempts. The election outcome has drawn significant attention in Washington and Wall Street, highlighting the geopolitical importance of Milei's economic overhaul and the U.S. support contingent on his continued electoral success.