The Argentine Chamber of Deputies approved a payment of USD 171 million to vulture funds during a session heavily overshadowed by the political crisis surrounding Presidential Spokesperson Manuel Adorni.

Understanding the Political Context

This approval comes at a critical juncture for the administration of President Javier Milei. Manuel Adorni is currently facing a motion for censorship. The motion has already gathered 120 of the 129 required signatures in the Lower House. The scandal, widely known as AdorniGate, questions the sudden increase in Adorni's assets, which rose from $20 million to $944 million, representing a 775% increase.

What Are 'Vulture Funds'?

A Failed Session in Congress

A session scheduled for June 25, 2026, intended to question Adorni, failed due to a lack of quorum. Only 117 deputies were present, short of the 129 needed. According to parliamentary sources, the absence was a result of political agreements between the ruling party and provincial blocs. The debate has been moved to the Constitutional Affairs Committee starting June 30, 2026.

Changes in the Presidential Cabinet

Amidst the scandal, President Javier Milei appointed Adrián Ravier as the new Presidential Spokesperson. Ravier, a national deputy for La Pampa province and a disciple of economist Jesús Huerta de Soto, replaces Adorni. Adorni remains as Chief of Cabinet but with reduced functions. Additionally, Javier Lanani resigned from the Press Secretariat after two and a half years in the role.

Key Upcoming Dates

Federal Judge Ariel Lijo is overseeing the case against Adorni, while the political debate continues in Congress under high tension.