US EditionUS profited from Argentina currency swap deal, Treasury chief Bessent says
- On Tuesday, U.S. Treasury Secretary Scott Bessent said the $20 billion swap line was executed to stabilize Argentina's economy ahead of last month's midterm election.
- Framing the intervention, Bessent said, `In most bailouts you don't make money,' and noted `We used our financial balance sheet to stabilize the government, one of our great allies in Latin America, during an election,'
- The Trump administration readied the $20 billion swap to support right-wing Argentine President Javier Milei, and Bessent highlighted benefits to the American public and strengthening regional ties.
- Officials stopped short of calling it a bailout, describing it as support via the Treasury's Exchange Stabilization Fund, while the Treasury Department did not immediately respond to requests for clarification.
- Bessent said there is a "generational opportunity" to create allies in Latin America, citing upcoming elections in Chile and Colombia, underscoring a broader alliance strategy.
34 Articles
34 Articles
The United States “won money” with the support package for the Argentine government, led by Javier Milei, declared Treasury Secretary Scott Bessent. The official defended Washington’s support for the stabilization of Argentina’s economy through the exchange of foreign exchange, before the mid-term elections last month, as a good business for his country.
Abdullah bin Zayed meets US Secretary of Treasury
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has met with Scott Bessent, US Secretary of the Treasury. During the meeting, held in New York, Sheikh Abdullah and Bessent reviewed the strategic ties between the UAE and the US and explored avenues to strengthen cooperation to advance shared interests and foster growth and prosperity for both countries and their peoples. The meeting also touche…
Scott Bessent Explains To MSNBC How The US Actually MADE MONEY On $20B Argentina Deal — Now It Makes Perfect Sense! * 100PercentFedUp.com * by Noah
A couple weeks ago, President Trump and Treasury Secretary Scott Bessent announced the US would be injecting $20 billion into Argentina ahead of Javier Milei’s election. The Far-Left and the Panicans within MAGA lost their minds, claiming it was not America First. Here’s one example of all the negative posts on the topic: The Trump administration is sending Argentina $20 billion to stabilize their economy after President Javier Milei’s DOGE-sty…
Scott Bessent Explains To MSNBC How The US Actually MADE MONEY On $20B Argentina Deal -- Now It Makes Perfect Sense!
A couple weeks ago, President Trump and Treasury Secretary Scott Bessent announced the US would be injecting $20 billion into Argentina ahead of Javier Milei's election. The Far-Left and the Panicans within MAGA lost their minds, claiming it was not America First.
Scott Bessent Schools 'Morning Joe' Host For Accusing Admin Of 'Bailout'
U.S. Treasury Secretary Scott Bessent embarrassed an MSNBC panel on Tuesday’s installment of “Morning Joe” after the panel misstated the terms of the federal government’s lending deal with Argentina. MSNBC’s Jonathan Lemire described the agreement with the strategic Latin American ally as a “bailout,” a common talking point in left-wing media circles over the last several days. The agreement, transcribed on October 20, allows Argentina to exchan…
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