Argentina parliament approves President Milei's reform package

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 on early Friday in a final 147 to 107 vote.

The lawmakers approved the return of income taxes in the accompanying fiscal package by a narrower 136-116 margin. The extra tax revenue would give the government breathing room to reach its fiscal targets and help tame 276% annual inflation.