Washington —
The Trump administration is bailing out Argentina in a move critics are saying has more to do with politics than economics or American interests.
That means $20 billion US taxpayer dollars will be used to bail out a country led by a close ally of President Donald Trump: chainsaw-wielding, libertarian Javier Milei.
“Argentina faces a moment of acute illiquidity,” Treasury Secretary Scott Bessent wrote on X Thursday. “The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets.”
Meanwhile, the US federal government is nearing two weeks of being shut down and US businesses and industries continue to reel from Trump’s ongoing trade war.
Here are some key details about the administration’s extraordinary financial rescue of Argentina.
What’s the problem?
Argentina is at risk of a financial collapse.
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