"Argentina's Javier Milei Faces Backlash as Economic Reforms Stall"

Argentina's President Javier Milei faces a setback as Congress rejects his request for expanded executive powers, prompting him to hastily shelve the bill and lash out at opponents, causing further strain in relations. The rejection has led to a plunge in government bonds and the peso, with analysts criticizing the government's political inexperience and lack of clear strategy to address the severe economic crisis. Milei's team has withdrawn the bill for now and is considering options, including a potential referendum, to push through the president's priorities.