The US Treasury Secretary maintains that aid to Argentina does not represent a bailout or risk for taxpayers, amid internal political criticism.
He United States Secretary of the Treasury, Scott Bessent, He assured this Sunday that the financial support measures for Argentina will not represent losses for US taxpayers. So far, these initiatives include the signing of a currency swap for US$20,000 million with the Central Bank, using resources from the Treasury’s “Exchange Stabilization Fund”, and the purchase of pesos and local bonds for close to US$2,000 million.
Bessent highlighted that the Trump Administration’s financial support for Milei helped contain the markets, but warned that the magnitude of future assistance will depend on the electoral result in Argentina. As he explained, the United States is supporting a Latin American ally that faces decisive elections.
“There will be no losses for taxpayers. This is a swap, not a bailout, and it is carried out with funds from the Exchange Stabilization Fund, which is under my control at the Treasury. It has never had losses and will not have them now,” Bessent said on the Sunday program Meet the Press on NBC, a classic of American politics.
The criticism that Donald Trump’s government received for aid to Argentina
Washington’s decision received criticism from different sectors of the United States. Politicians and economists, such as Democratic Senator Elizabeth Warren — whom Bessent called “the American Evita” — and Paul Krugman, 2008 Nobel Prize winner in Economics, questioned the use of taxpayer resources to help a government politically close to the White House. Even an analyst at the Atlantic Council, the New York forum that awarded Milei a “Global Citizen” distinction in September, recently questioned whether this assistance constituted state policy or an act of reckless favoritism on Trump’s part.
Luis Caputo Scott Bessent 2
“We believe it is far better to use American economic power directly to stabilize a friendly government and lead the way, because we have many other governments in Latin America, like Bolivia, Ecuador, Paraguay, that want to follow us. So I’d rather expand a swap line than shoot up drug ships like we have to do with those leaving Venezuela“Explained Bessent, who showed himself to be a “great admirer” of Greene when consulted by the journalist.
During the television interview, the presenter showed Bessent a message posted on the social network
In her post, Greene questioned how the U.S. government could spend $20,000 or even $40 billion from taxpayers to bail out a foreign country while Americans face the high cost of living and rising insurance costs, many with no savings and turning to credit to survive.
Source: Ambito
