The Trump administration is proposing to double aid to Argentina following a meeting between President Donald Trump and Argentina’s President Javier Milei.

Previously, the U.S. agreed to a $20 billion currency swap with Argentina’s central bank amid Argentina’s economic turmoil.

What they’re saying: Treasury Secretary Scott Bessent announced plans for a $20 billion facility complementing the existing swap: “We are working on a $20 billion facility that would complement our swap line, with private banks and sovereign funds that, I believe, would be more focused on the debt market.” • Bessent described this new aid as “a private-sector solution,” noting “many banks are interested in it and many sovereign funds have expressed interest.” • At a White House meeting, Trump expressed willin

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