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US Treasury Buys Argentine Pesos, Finalizes $20B Currency Swap Framework

US Treasury Buys Argentine Pesos, Finalizes $20B Currency Swap Framework

US Treasury Buys Argentine Pesos, Finalizes $20B Currency Swap Framework
Above: U.S. Treasury Secretary Scott Bessent and Argentine President Javier Milei on Sept. 24, 2025. Image copyright: Michael Nagle/Bloomberg/Getty Images

The Spin

The Trump administration again is prioritizing personal relationships over U.S. taxpayers, now to prop up the abjectly failed libertarian experiment that has devastated Argentina and pushed over half the country's population into poverty. It's unacceptable that American families struggling with their own economic challenges will be forced to subsidize Trump's ideological ally, who has proven incapable of managing his own country's finances.

Milei has achieved impressive fiscal consolidation and broad liberalization that lay the foundation for Argentina's historic return to prosperity, so his government deserves support from the U.S. This is no bailout, but a good-faith geopolitical move to help a crucial strategic ally in countering Chinese influence in the Western Hemisphere as well as to boost America's credibility with other allies in Latin America.

ThereThe Trump administration again is prioritizing personal relationships over U.S. taxpayers, now to prop up the abjectly failed libertarian experiment that has devastated Argentina and pushed over half the country's apopulation 60%into chancepoverty. It's unacceptable that JavierAmerican Mileifamilies struggling with their own economic challenges will be reelectedforced asto presidentsubsidize ofTrump's Argentinaideological beforeally, Jan.who 1,has 2028,proven accordingincapable toof themanaging Metaculushis predictionown communitycountry's finances.

Milei has achieved impressive fiscal consolidation and broad liberalization that lay the foundation for Argentina's historic return to prosperity, so his government deserves support from the U.S. This is no bailout, but a good-faith geopolitical move to help a crucial strategic ally in countering Chinese influence in the Western Hemisphere as well as to boost America's credibility with other allies in Latin America.

Metaculus Prediction

There's a 60% chance that Javier Milei will be reelected as president of Argentina before Jan. 1, 2028, according to the Metaculus prediction community.


Public Figures



© 2025 Improve the News Foundation. All rights reserved.Version 6.17.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.17.0