Argentina's President Javier Milei accused governors of seeking "to destroy" his sweeping economic reform bill, shortly after his ruling party abruptly withdrew the package from the floor of the country's lower house.
The so-called "omnibus" bill, which had received support in general terms from opposition lawmakers last week, was rejected on Tuesday during an article-by-article approval process.
The package of measures is a core tenet of Milei's push to reform Latin America's third-largest economy.
Among other issues, the bill seeks to privatize state entities, increase penalties for social protests and scale back some environmental protections.
Milei's Libertad Avanza party has pledged to send the bill back to committees to be debated when governors "understand that it is the people who need it, not the government."
Persons:
Javier Milei, Jimena Blanco, Verisk Maplecroft
Organizations:
National, CNBC
Locations:
Argentina, Buenos Aires, Americas