(Bloomberg) -- Argentina’s lower house approved President Javier Milei’s omnibus bill, first in whole and later in parts, in a major win for the libertarian ...
-- Argentina ’s lower house approved President Javier Milei ’s omnibus bill , first in whole and later in parts, in a major win for the libertarian leader whose reforms now face a stiffer fight in the senate.Cocoa Prices Swing Wildly as Liquidity Overshadows Supply Issues
If successful, Milei will have more power to fire state workers, cut expensive subsidies and eliminate costly government bodies to balance the country’s budget — and prove to investors his political prowess. To get this far, he had to make important concessions beyond removing the proposal on expanded security powers. In the bill’s original form, Milei tried to privatize 41 companies, including oil giant YPF SA, and increase tariffs on exports. The bill now has just over 200 articles, a significant scale-back from over 600 in its first iteration.
In an event at the Buenos Aires stock exchange Monday evening as a floor debate dragged on, Economy Minister Luis Caputo said the bill was important for local business leaders, investors abroad and to lessen the harshness of Milei’s budget cuts for everyday Argentines, but maintained its fate wouldn’t impact his economic plan.
Bloomberg Omnibus Bill Libertarian Party Federal Government Funds Argentina
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s Lower House Passes Bill to Fund Childcare Allowance(Bloomberg) -- Japan’s lower house of parliament passed a bill to add insurance premiums to help finance an expansion of childcare allowances, in a step...
Read more »
Students benefit from filing a tax return even if they don't make a lot of moneyLower income doesn’t mean lower priority when it comes to filing a tax return.
Read more »
Students benefit from filing tax return even if they don't make a lot of moneyLower income doesn’t mean lower priority when it comes to filing a tax return.
Read more »
Students benefit from filing a tax return even if they don't make a lot of moneyLower income doesn’t mean lower priority when it comes to filing a tax return.
Read more »
White House Eyes Russian Uranium Import Ban While House Bill StallsThe Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
Read more »
U.S. House Speaker Mike Johnson is negotiating with White House to advance Ukraine aidU.S. House Speaker Mike Johnson is negotiating with the White House as he prepares for the treacherous task of advancing wartime funding for Ukraine and Israel through the House, a top House Republican said Thursday.
Read more »