Argentina: President Javier Milei's reform package suffers setback in parliament. House of Representatives voted to send the reform proposal from the plenary session back to committees.
Controversial issues include transfer of special powers to the government in the event of an economic emergency. Inflation in the South American country was 211 percent in 2023, and more than 40 percent of the population lives in poverty. The political newcomer and right-wing populist Milei took office in December with the announcement that Argentina would be subjected to "shock therapy"