‘America First?’: Stephanie Ruhle slams Trump’s $20 billion Argentina bailout

U.S. ‘flying blind’ amid shutdown-induced economic data blackout 08:52

‘America First?’: Stephanie Ruhle slams Trump’s $20 billion Argentina bailout “If Argentina does default,” Ruhle explained, “it is a $20 billion loss for us. The Fed will be left holding a ginormous bag of pesos worth nothing.”

Oct. 10, 2025, 4:20 PM EDT

By Allison Detzel

The Trump administration has now finalized plans to deliver Argentina a financial lifeline. On Thursday, Treasury Secretary Scott Bessent announced that the United States had directly purchased Argentine pesos as part of a $20 billion currency swap with the country’s central bank.

Bessent has repeatedly insisted that the deal with Argentina and its president, Javier Milei (a close ally of Donald Trump) , does not amount to a bailout. B