US President Donald Trump promised financial "help" for struggling Argentina in a meeting with close ally Javier Milei, who is seeking a US loan to calm markets ahead of crucial midterms elections.

"We're gonna help them but I don't think they need a bailout. He's doing a fantastic job," Trump said during a meeting with Argentina's right-wing president on the sidelines of the UN General Assembly in New York.

Budget-slashing libertarian Milei has sought to halt on the peso following a

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