Core Viewpoint - The Argentine Senate has overturned President Milei's veto of a fiscal fund distribution mechanism, which will now be reviewed by the Chamber of Deputies, indicating ongoing tensions between the executive and legislative branches [1] Group 1: Legislative Actions - The fiscal fund distribution mechanism accounts for 1% of Argentina's federal tax revenue and aims to address emergencies and fiscal imbalances in provinces [1] - The Senate and Chamber of Deputies passed the new fiscal fund distribution mechanism on July 10 and August 20, respectively, to support local finances and public services through automatic allocation [1] - President Milei vetoed the bill on September 12, arguing that automatic allocation would weaken federal control over fiscal resources and hinder fiscal balance goals [1] Group 2: Political Dynamics - Analysts note that President Milei has long lacked stable support in Congress and has not built a reliable political coalition [1] - Since August, Congress has repeatedly overturned Milei's vetoes, highlighting the deepening divide between the President and Congress [1] - The economic reform plan focused on reducing fiscal deficits and controlling inflation may face further obstacles due to these ongoing conflicts [1]