Overview

• Elizabeth Warren introduced the No Argentina Bailout Act, with backing from Tim Kaine, Bernie Sanders and Cory Booker.
• The measure would block Treasury Secretary Scott Bessent from using the Foreign Exchange Stabilization Fund for loans, debt purchases, currency swaps or indirect aid to Buenos Aires.
• Warren denounced a prospective rescue on X as a bailout for the rich and argued it would not stabilize Argentina’s economy.
• She asked the Managed Funds Association for records on lobbying and any coordinated dealings involving Bessent and Argentina’s economy minister, Luis Caputo.
• Media coverage, including The New York Times, reported concerns that assistance could benefit investors close to Bessent, while the bill’s fate now turns on upcoming congressional votes.