Argentina’s ailing president faces tough midterm congressional election

By Hugh Bronstein BUENOS AIRES (Reuters) – Argentine President Cristina Fernandez is expected to lose some of her congressional clout in Sunday's midterm election as the ailing leader faces complaints over galloping inflation and a weakening currency. Re-elected in 2011 on promises of increasing state control of Latin America's No. 3 economy, Fernandez's political coattails have been shortened by inflation, clocked by private economists at 25 percent, while heavy-handed currency controls and falling central bank reserves dent confidence. …