Milei's Party Secures Big Win in Argentina's Midterm Elections

La Libertad Avanza (LLA) won approximately 41% of the national vote for congressional seats, based on over 90% of ballots counted, outperforming the Peronist opposition's 32%.
LLA increased its seats from 37 to around 101 in the 257-seat Chamber of Deputies and from 6 to 20 in the 72-seat Senate, including 14 of 24 contested Senate seats.
Voter turnout was 67.9%, the lowest in a national election in over 40 years.
LLA saw strong gains in Buenos Aires province, a Peronist stronghold, signaling a major political shift.

In a victory speech at LLA headquarters in Buenos Aires, Milei called the result a "turning point" for Argentina and vowed to advance reforms.
"Today we reached a turning point, today begins the construction of a great Argentina," Milei said.
"The Argentine people left decadence behind and opted for progress," Milei added, pledging to "make Argentina great again."

The win gives Milei a stronger bloc in Congress to support vetoes and block impeachment, aiding his agenda of deregulation, spending cuts, and labor changes.
LLA's coalition holds about one-third of the lower house, enough to shield vetoes but short of a majority, so alliances with center-right parties are still needed for legislation.
Reforms since December 2023 include slashing public jobs, freezing spending on health, education, and pensions, and deregulating sectors, leading to a fiscal surplus after 14 years and inflation drop to 30% annually by September 2025.

U.S. President Donald Trump praised the win as a "landslide victory" on social media and tied a $40 billion bailout package to Milei's success.

Billionaire investor Bill Ackman called it a "win for democracy, capitalism, and sanity."
Markets reacted positively: the Argentine peso strengthened, and stocks like YPF rose in early trading.