Particle.news
Download on the App Store

Senate Sets Vote on $171 Million Holdouts Deal

Approval is urgent because the settlement tied to the 2001 default faces a hard deadline at the end of May.

Overview

  • The upper chamber will take up the agreement with Attestor Value and Bainbridge for about $171 million to close long‑running litigation from the 2001 default, with swift action in the lower house needed to keep the deal alive.
  • Electoral changes advanced in Senate committees without a unified draft, including plans to scrap nationwide primary elections, bar candidates with second‑instance felony convictions, and shift campaign funding toward private money.
  • Deputies’ Energy and Budget committees issued a majority report to retarget gas discounts in so‑called cold zones, keeping automatic benefits only for Patagonia, the Puna and Malargüe and tying others to income‑tested aid.
  • Judicial scrutiny of Chief of Cabinet Manuel Adorni deepened with new witness testimony and a related case targeting his brother’s assets, while pro‑government blocs move to block an opposition attempt to question him by withholding quorum.
  • Thousands of students, staff and unions rallied in Plaza de Mayo to demand enforcement of the university funding law, as the government holds to strict fiscal targets and awaits a Supreme Court ruling on the dispute.