Democratic Senator Elizabeth Warren asked a group representing hedge funds and other asset managers to describe what role, if any, it played in the Trump administration’s deliberations over how to extend US financial support to Argentina during a period of market turmoil.
In a letter addressed to Bryan Corbett, chief executive of the Managed Funds Association, Warren requested information and documents related to the group’s lobbying efforts around a support package for Argentina coordinated by Treasury Secretary Scott Bessent.
Bessent said Thursday the US bought Argentine pesos to help prop up the currency and has agreed to provide a $20 billion swap framework with the country’s central bank. “The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted