Argentine President Javier Milei's party cruised to victory in midterm legislative elections as voters handed him a mandate to keep pushing through his radical overhaul of the economy despite widespread discontent with his deep austerity measures, Reuters reported.

A relief to Milei, whose poll numbers had sagged in recent weeks, the results are also likely to please U.S. President Donald Trump, whose administration had faced criticism after providing Argentina with a hefty financial bailout.

Analysts said the stronger-than-expected showing could reflect fear of renewed economic turmoil if the country abandoned Milei's austerity policies which, while slashing subsidies long relied on by many Argentines, have succeeded in drastically slowing inflation, according to Reuters.