Bessent Backs Argentina Fully as Milei Hunts Down More Dollars

US Treasury Secretary Scott Bessent pledged to provide “all options for stabilization” to President Javier Milei as he works to keep Argentina from falling back into crisis, prompting a rebound in the South American country’s assets.

Bessent and President Donald Trump will speak with Milei in New York on Tuesday and “more details will be available shortly after this meeting,” Bessent said Monday in a thread on X. Options include, but aren’t limited to, currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilization fund.

The announcement calmed investors who, by Milei’s own reckoning, ...