Overview
- Treasury Secretary Scott Bessent said a small portion of the currency line was activated and that the United States realized gains from the operation.
- White House press secretary Karoline Leavitt amplified an article framing the arrangement as a profitable, non‑bailout move that did not cost U.S. taxpayers.
- Coverage credits Economy Minister Luis Caputo and a team of former JPMorgan officials with helping design the support package in concert with Bessent.
- Reports say the U.S. Treasury also bought pesos before Argentina’s October legislative elections in an unprecedented local market intervention.
- Some analysts speculate about roughly $2.7 billion being used to reimburse prior U.S. interventions, a claim not supported by official disclosures.