"Milei's Reform Bill Faces Setback as Argentina's Congress Sends It Back to Committee"

Argentina's President Javier Milei's sweeping economic reform bill, known as the "omnibus" bill, was abruptly withdrawn from the lower house of the country's Congress after being rejected during an article-by-article approval process. The bill, a core part of Milei's push to reform Argentina's economy, includes measures such as privatizing state entities and increasing penalties for social protests. The setback reflects political inexperience and may lead to increased volatility, prompting speculation about a potential "plan B" or a non-binding referendum. Milei, often compared to former U.S. President Donald Trump, is facing challenges in implementing his reform program amidst Argentina's profound economic crisis.