Support for Argentina’s Javier Milei was an ‘America First homerun deal,’ says Treasury Secretary Scott Bessent.
U.S. President Donald Trump greets Argentinian President Javier Milei at the White House in Washington on Oct. 14, 2025. Madalina Kilroy/The Epoch Times
|Updated:
Treasury Secretary Scott Bessent said on Jan. 9 that Argentina has repaid a drawdown on the $20 billion swap line with the United States.
A severe October 2025 cash crunch pushed Argentina to obtain a $20 billion backstop from the Trump administration, delivered through a currency‑swap facility that shored up the peso.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
