Overview

• Treasury Secretary Scott Bessent said the U.S. is “totally prepared to do whatever is necessary” after a positive call with Economy Minister Luis Caputo.
• He invited Caputo’s team to Washington in the coming days to advance negotiations on financial support instruments.
• Bessent told CNBC that the U.S. is offering a currency swap line rather than a direct cash injection, saying, “we are not putting money into Argentina.”
• Officials and reporting describe a toolkit under discussion that includes a $20 billion swap, potential purchases of Argentine bonds, and possible standby credit.
• Markets pared early gains after the clarification, as investors look to the Oct. 14 Milei–Trump White House meeting and the Oct. 26 legislative elections while Washington seeks governance assurances.