IBOV 185,899.93 ▼ 0.37% IPSA 11,410.19 ▲ 0.46% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,990,605 ▼ 0.28% COLCAP 2,570.03 ▲ 0.17% BVL PERÚ 59,529.36 ▲ 0.20% USD/BRL5.11▲ 0.11% USD/MXN17.30▲ 0.46% USD/CLP946.79▼ 0.26% USD/COP3,209▲ 1.04% USD/PEN3.36▼ 0.48% USD/ARS1,513▼ 0.08% USD/UYU40.06▲ 2.88% USD/PYG5,918▲ 3.14% USD/BOB11.85▲ 25.24% USD/DOP58.80▲ 2.88% USD/CRC445.27▲ 2.84% USD/GTQ7.63▲ 3.24% USD/HNL26.86▲ 3.32% USD/NIO36.62▲ 2.80% USD/VES850.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.48% EUR/BRL5.85▼ 0.82% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,899.93 ▼ 0.37% IPSA 11,410.19 ▲ 0.46% IPC MEX 63,536.96 ▲ 0.25% MERVAL 2,990,605 ▼ 0.28% COLCAP 2,570.03 ▲ 0.17% BVL PERÚ 59,529.36 ▲ 0.20% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 22, 2026

Argentine Congress Faces Pivotal Vote on University Funding

By · October 9, 2024 · 2 min read

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President Javier Milei’s veto of a university funding law has ignited a fierce political battle in Argentina. The opposition aims to overturn the veto in a crucial congressional vote on Wednesday.

This showdown highlights the ongoing struggle between Milei’s austerity agenda and the defense of traditional public education. The government negotiates with undecided lawmakers to secure the 87 votes needed to uphold the veto.

Milei’s administration has 39 loyal deputies and support from former President Mauricio Macri’s PRO party. However, the president still needs to win over more legislators to reach the critical number.

If the veto stands, it will mark a significant victory for Milei’s cost-cutting measures. However, if overturned, the debate moves to the Senate, where the opposition holds a stronger position.

Either way, the vote will have far-reaching political consequences in Argentina. The president’s unwavering stance on deficit reduction has come at a high political cost.

Argentine Congress Faces Pivotal Vote on University Funding
Argentine Congress Faces Pivotal Vote on University Funding.
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By vetoing the funding law, Milei has angered the entire university community. This sector holds deep importance for Argentina‘s middle class and embodies the ideal of social mobility through free higher education.

Intensifying Student Protests in Argentina

Student protests have intensified, with occupations at several universities. Last week, 300,000 people marched in Buenos Aires alone, demanding increased funding for higher education.

More demonstrations are planned to pressure lawmakers ahead of the vote. Since Milei took office, state contributions to universities have fallen by 30%. Professors’ salaries have lost 23.7% of their purchasing power due to inflation.

The government recently decreed a 6.8% salary increase for university staff, despite failing to reach an agreement with unions. The administration insists it will not accept any spending bills that lack specific funding sources.

While the law’s fiscal impact is relatively small, Milei sees this as a crucial test of his deficit-reduction strategy. As the university funding vote approaches, both sides recognize its significance.

The outcome will shape the balance of power between Milei’s government and the opposition-controlled Congress. It will also set the tone for future debates on education funding and fiscal policy in Argentina.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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