US Readies $20 Billion Rescue to Help Milei Win in Argentina (2)

The US plans to extend a $20 billion swap line to Argentina and is ready to buy the country’s foreign bonds, providing much-needed financial support to President Javier Milei as he tries to regain investor confidence and stem a run on the peso.

Terms of the deal are still being negotiated, Treasury Secretary Scott Bessentsaid in a post on X early Wednesday that sparked a brief rally in Argentine assets. He made clear in an interview on Fox News that the financing was meant to help Milei ahead of a crucial midterm vote next month, aiding an ideological ...