Overview

• President Donald Trump offered his “complete and total” support for Javier Milei’s reelection after a roughly 20‑minute bilateral on the sidelines of the UN General Assembly in New York.
• Trump praised Milei as a “very good friend,” said he wants to help, and told reporters he does not believe Argentina needs a rescue.
• Treasury Secretary Scott Bessent said the department is willing to act within its mandate to support Argentina, placing all stabilization options on the table.
• Bessent cited potential tools including swap lines, direct foreign‑exchange purchases, and buying Argentina’s dollar‑denominated government debt through the U.S. Treasury’s Exchange Stabilization Fund.
• Reports said the public signals helped ease default fears in markets ahead of Argentina’s October legislative elections, as Milei prepares to address the UN and receive the Atlantic Council’s 2025 Global Citizen award from Bessent.