Argentina’s Senate on Wednesday gave final approval to the government’s tax reform and 2018 budget plan, part of President Mauricio Macri’s push to cut business costs and attract investment to Latin America’s No. 3 economy.
Argentina’s president defended a pension reform bill approved by Congress in the early hours of Tuesday that has prompted violent protests and a general strike, saying it seeks only to benefit retirees. The measure passed in the lower house by a 127-117 vote after more than 12 hours of debate, much of which came as demonstrators clashed with police outside the chamber.
The government of Argentina has decided to vote on the pension reform bill on Monday amid speculation that President Mauricio Macri's administration could use a decree to fast-track the legislation.
A trade union-organized march in Buenos Aires descended into violence Thursday, with thousands of protesters clashing with police as they demanded lawmakers reject a controversial pension reform plan. Riot police used water cannons, tear gas and rubber bullets against demonstrators, who threw stones and burned barricades made of rubbish outside the doors of Argentina's congress.