Core Points - The "Libertarian Forward Party" led by President Milei won the midterm elections in Argentina, securing over one-third of the seats in the Chamber of Deputies, which is crucial for blocking opposition bills and maintaining presidential decrees [1][2] - The election results were unexpected, as Milei's support had recently faced challenges due to corruption allegations against his sister and ongoing economic crises [2][3] - Trump praised Milei's victory, linking it to a $40 billion aid package contingent on Milei's success, highlighting the political support from the U.S. [1][2] Election Results - The midterm elections involved the re-election of 24 out of 72 senators and 127 out of 257 deputies. The "Libertarian Forward Party" gained 13 Senate seats and 48 House seats, totaling 19 Senate seats and 92 House seats [1] - The main opposition coalition, "Patria Fuerza," holds 24 Senate seats and 79 House seats, indicating that no coalition achieved a majority in Congress [1] Economic Context - Milei's government has implemented severe austerity measures, including significant cuts to public sector jobs and freezing investments in key areas like infrastructure and healthcare [2] - Despite achieving a fiscal surplus for the first time in 14 years and reducing inflation from over 200% to approximately 30%, the economic situation remains dire, with over 250,000 unemployed and around 18,000 businesses closed [2][3] - The government has depleted its dollar reserves to prevent the devaluation of the peso, leading to reliance on U.S. support, including a $20 billion loan from the IMF [3]