Argentina’s Senate has given the green light to an increase in pension spending, potentially derailing President Javier Milei’s budget-balancing efforts.
What Happened: As per a Financial Times report Thursday, the Senate cast a 61-8 vote in favor of a new formula for pension calculations, taking into account the country’s triple-digit inflation. This development poses a challenge for Milei, a staunch pro-Bitcoin (CRYPTO: BTC) libertarian, who has committed to eradicating Argentina’s persistent fiscal deficit and reigning in inflation.
Despite Milei’s promise to veto the bill, the overwhelming support it received in both legislative chambers indicates that a two-thirds majority needed to override the veto is likely within reach.
See Also: Max Keiser Agrees With MicroStrategy Chair Michael Saylor On ‘Bitcoin Is …
Full story available on Benzinga.com
Argentina’s Senate has given the green light to an increase in pension spending, potentially derailing President Javier Milei’s budget-balancing efforts.
What Happened: As per a Financial Times report Thursday, the Senate cast a 61-8 vote in favor of a new formula for pension calculations, taking into account the country’s triple-digit inflation. This development poses a challenge for Milei, a staunch pro-Bitcoin (CRYPTO: BTC) libertarian, who has committed to eradicating Argentina’s persistent fiscal deficit and reigning in inflation.
Despite Milei’s promise to veto the bill, the overwhelming support it received in both legislative chambers indicates that a two-thirds majority needed to override the veto is likely within reach.
See Also: Max Keiser Agrees With MicroStrategy Chair Michael Saylor On ‘Bitcoin Is …
Full story available on Benzinga.com
Argentina’s Senate has given the green light to an increase in pension spending, potentially derailing President Javier Milei’s budget-balancing efforts.
What Happened: As per a Financial Times report Thursday, the Senate cast a 61-8 vote in favor of a new formula for pension calculations, taking into account the country’s triple-digit inflation. This development poses a challenge for Milei, a staunch pro-Bitcoin (CRYPTO: BTC) libertarian, who has committed to eradicating Argentina’s persistent fiscal deficit and reigning in inflation.
Despite Milei’s promise to veto the bill, the overwhelming support it received in both legislative chambers indicates that a two-thirds majority needed to override the veto is likely within reach.
See Also: Max Keiser Agrees With MicroStrategy Chair Michael Saylor On ‘Bitcoin Is …Full story available on Benzinga.com Read More$BTC, argentina, Bitcoin, Cryptocurrency, javier milei, News, Markets, $BTC, News, Cryptocurrency, Markets, Benzinga Markets
