U.S. Negotiating $20 Billion Swap Line With Argentina

“The U.S. is discussing a $20 billion swap line with Argentina and is ready to buy up the country’s dollar bonds, Treasury Secretary Scott Bessent said, giving President Javier Milei ‘a bridge’ until key midterm elections next month,” Bloomberg reports.

“The move is a vote of confidence from President Donald Trump for libertarian ally Milei following a meeting between the two leaders and their teams Tuesday on the sidelines of the UN General Assembly in New York.”