The US bet big with Argentina bailout - is it paying off?
2 hours ago Share Save Natalie Sherman BBC News Share Save
Getty Images Scott Bessent is the face of America's gamble on Argentina
US Treasury Secretary Scott Bessent has been the point-person entrusted with selling financial markets on some of President Donald Trump's riskiest economic gambles: sweeping global tariffs, trade talks with China and preparations to install a new leader at the US central bank. But Bessent's trickiest task may just be the White House bet on Argentina. The US stepped onto the scene in mid-September, responding to a plunge in the peso - the Argentine currency - which officials feared could imperil Trump ally President Javier Milei and his party in looming midterm elections. Bessent said the US would do whatever was needed to stabilise the situation, calling the country a key ally in the region.
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