Trump Flails When Asked How Argentina Bailout Helps U.S.
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argentina, U.S and Bessent
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22hon MSN
US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
WASHINGTON (AP) — The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector.
Treasury Secretary Scott Bessent said an additional $20 billion in private-sector loans for Argentina could effectively double the value of a U.S. rescue plan.
As the cost of the White House’s bailout package roughly doubles, the political risks for the American president appear increasingly unavoidable.
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The American president admitted that his $20 billion bailout for a South American ally probably won’t benefit the United States very much.
A journalist asks Trump whether continuing US financial support to Argentina relies on the results of the country's upcoming midterm elections. Turmp responds that the US won't be around very long if the opposition wins. He then passes the question to Treasury Secretary Scott Bessent.
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When President Javier Milei of Argentina faced an economic meltdown, President Trump vowed to come to his aid. But that lifeline is coming at a cost.