Libertarian congressman Javier Milei won Argentina’s presidential election on Sunday.

The Details: A self-described “anarcho-capitalist,” Milei is often compared to former President Donald Trump for his populist platform. Though polls predicted a tight race, Milei defeated Minister of Economy Sergio Massa 56% to 44%. Milei ran on fixing Argentina’s struggling economy through dollarization, abolishing the central bank, and other means.

For Context: Argentina currently sees an annual inflation rate of 140% and 40% of people living in poverty. The defeat of Massa, a career politician, reflects a continued decline of Peronism, a political movement that has been popular in the country for many decades.

Key Quotes: Massa conceded defeat gracefully and said, “We chose the path of the defense of the security system in the hands of the state… the path of the defense of education and public health as central values. Argentines chose the other path.” Milei said, “Today, we return to the path that made this country great.”

How The Media Covered It: Outlets across the spectrum likened Milei to Trump and called him an outsider. The Washington Post (Lean Left bias) called Milei “a radical libertarian and admirer of Donald Trump (who) rode a wave of voter rage to win.” It also described him as a “far-right economist and former television pundit with no governing experience.” CNBC (Center bias) labeled him a “far-right political outsider” with “radical economic policies.” Fox News (Right bias) did not call Milei “far-right” or “radical.”