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U.S. Negotiates $20B Currency Swap with Argentina Amid Criticism

9/26/2025

42 8 Full Breakdown

Center

Bessent Boosts Peso

Treasury Secretary Scott Bessent announced negotiations for $20 billion currency swap line with Argentina's Central Bank, boosting peso.
He said Treasury is ready to buy United States dollar (USD) bonds and support Argentina as conditions allow.
President Trump downplayed a bailout, stating Milei is effectively managing the economy.
Senator Elizabeth Warren criticized using emergency funds for currency stabilization, questioning priorities.

Right

Bessent Warns NYC

Treasury Secretary Scott Bessent warned New York City won't receive federal bailouts if Zohran Mamdani's socialist policies pass, citing Gerald Ford's remark.
He warned city could lose its tax base as significant wealth shifts from Manhattan to Palm Beach County.
Mamdani's affordability plan includes free transit and city-owned groceries; Wall Street executives criticized it; Ackman pledged to back a rival.

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Bessent Boosts Peso

Treasury Secretary Scott Bessent announced negotiations for $20 billion currency swap line with Argentina's Central Bank, boosting peso.
He said Treasury is ready to buy United States dollar (USD) bonds and support Argentina as conditions allow.
President Trump downplayed a bailout, stating Milei is effectively managing the economy.
Senator Elizabeth Warren criticized using emergency funds for currency stabilization, questioning priorities.

1 / 2