US EditionBessent confirms $20B ‘economic stabilization agreement’ signed with Argentina
10 Articles
10 Articles
By Elisabeth Buchwald, CNN Completing the $20 billion bailout for Argentina with public funds during the US government shutdown was an essential action for the agency, Treasury Secretary Scott Bessent said Tuesday. His comments came in response to a letter from Senator Elizabeth Warren, ranking member of the Senate Banking Committee, who wrote to Bessent a week earlier requesting an explanation as to why the Treasury Department was working on th…
UPDATE: Taxpayer bailout of Argentina may grow to $40 billion
Treasury Secretary Scott Bessent speaks during a meeting with President Trump and President of Argentina Javier Milei at the White House on October 14, 2025. (Photo by Kevin Dietsch/Getty Images)On September 24, Treasury Secretary Scott Bessent announced a $20 billion bailout for Argentina. Under that plan, Bessent will swap taxpayer dollars for Argentine pesos. President Trump admitted that the bailout, even if it succeeds, will provide little …
Bessent confirms $20B ‘economic stabilization agreement’ signed with Argentina
Treasury Secretary Scott Bessent said Tuesday the U.S. signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling economy. “As we work to stabilize and secure the Western Hemisphere and Make America Safe Again, the @USTreasury has signed an economic stabilization agreement with the Central Bank of Argentina,”…
The Secretary of the Treasury of the United States defended Donald Trump from criticism received by local livestock producers and noted in his X account that "it is a bridge to a better economic future" for Argentina.
A strange consensus has been formed in Argentina over the last few days: the de facto Minister of Economy is the secretary of the US Treasury, Scott Bessent. He is not only the main driver of the financial aid of 20 billion dollars to support a clumpy Javier Milei. His obsession with the South American country is reflected in systematic interventions in X that fail to calm the markets. According to the crazy Bessent "the efforts" of the Argentin…
"We don't want another failed state in Latin America, and a strong and stable Argentina as a good neighbor is explicitly in the strategic interest of the United States," Bessent wrote in his 'X' account.
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