At the heart of Argentina’s chronically crisis-prone economy is a political system that encourages unconstrained public spending and overregulation in the extreme. It is the system set up by Juan Domingo Perón in the 1940s that strengthened in subsequent decades, and that President Javier Milei promised to cut down with a chainsaw and replace with classical-liberal policies of the kind that made his country one of the most prosperous in the world a century ago.

For the first time in U.S. history, a president-elect will welcome foreign leaders for one of the most American political traditions — the peaceful transfer of power.

President-elect Donald Trump invited Chinese President Xi Jinping and conservative world leaders such as Argentine President Javier Milei and Italian Premier Giorgia Meloni to the inauguration. Xi sent his vice president as his representative.

Argentina's President Javier Milei faced his second general strike Thursday in just five months in office, as workers angered by austerity cuts brought the capital to a standstill.

Public transport in Buenos Aires was reduced to a trickle for some three million daily commuters, while schools, banks and service stations remained closed, and garbage was left uncollected.

Crowds at the Conservative Political Action Conference had a distinctly international flair this week, as foreign guests and leaders from around the world poured into the yearly event, including two sitting presidents and a former British prime minister.

Brexit boss Nigel Farage — a veteran of more than a decade of CPACS — was received warmly by the CPAC audience and proved even more popular at evening cocktail parties.

We “need strong leaders,” Farage railed during his speech, adding “we need Trump back in the White House.”

Argentina’s Javier Milei has been called the South American Donald Trump and Italian Giorgia Meloni the female version of the former GOP president. Like Trump, both leaders cast themselves as disruptors who have been critical of their country’s political establishment. 

But when they met last week in Rome, the world stage seemed big enough for both.

Not that there weren’t a few colorful and non-scripted moments.

Argentina’s new President Javier Milei has promised to move his country’s embassy in Israel to Jerusalem. Milei, who staunchly backs Israel amid the war in Gaza, arrived in Jerusalem Tuesday and is set to meet rabbis and hold talks with Prime Minister Benjamin Netanyahu on Wednesday.

Milei might be one of the most pro-Israel presidents in his country’s history, and has a well-documented fascination with Judaism, often suggesting that he may convert.

Argentine President Javier Milei caught the world’s attention at the Davos’ World Economic Forum after delivering a fiery speech in which he warned of the perils of socialism and outlined plans to pull his country out of economic gloom.

The administration of newly-inaugurated Argentine President Javier Milei introduced its first set of austerity measures this week, as South America's second largest economy attempts to pull itself out of an ongoing financial crisis defined by persistent inflation and a scarcity of foreign currency.

The new government will reportedly cut public spending equal to 2.9% of GDP. Energy subsidy reductions will account for the largest share of spending cuts (0.5%), followed by social security and pensions (0.4%) and transport subsidies (0.2%).

Argentina’s newly elected president, Javier Milei, a self-described anarcho-capitalist whose sensational rhetoric drew comparisons to former U.S. President Donald Trump, was sworn into office on Sunday

During his inaugural address, Milei reportedly spoke about the nation’s economic emergency and sought to prepare the public for a major adjustment to public spending cuts.