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U.S. Begins Implementation of $20 Billion Bailout for Argentina

HeadlineOct 10, 2025

Treasury Secretary Scott Bessent announced that the U.S. has begun implementing parts of a bailout for Argentina by finalizing a $20 billion currency swap with Argentina’s central bank. Argentina’s far-right President Javier Milei is an ally of President Trump. On Thursday, eight Democratic senators introduced a bill that would prevent the Treasury Department from rescuing Argentina’s economy. Democratic Senator Elizabeth Warren said, “It is inexplicable that President Trump is propping up a foreign government, while he shuts down our own.”

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