Bessent Stakes Credibility and Taxpayer Money on Argentina Bet NYT | Top Stories By: Alan Rappeport and Colby Smith 18 October 2025 at 00:38 Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States. © Haiyun Jiang/The New York TimesTreasury Secretary Scott Bessent, a former hedge fund manager, is orchestrating a $20 billion lifeline to prop up the Argentine peso, which has been declining in value.
Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina NYT | China By: Alan Rappeport and Colby Smith 26 September 2025 at 08:23 A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
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