A customer pays for food with Argentine peso banknotes in the financial district of Buenos Aires, Argentina, on September 8, 2025. Tomas Cuesta/Bloomberg/Getty Images Washington —
The Trump administration is bailing out Argentina in a move critics are saying has more to do with politics than economics or American interests.
That means $20 billion US taxpayer dollars will be used to bail out a country led by a close ally of President Donald Trump: chainsaw-wielding, libertarian Javier Milei.
“Argentina faces a moment of acute illiquidity,” Treasury Secretary Scott Bessent wrote on X Thursday. “The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets.”
Meanwhile, the US federal government is nearing two weeks