Overview
- President Javier Milei said Scott Bessent will visit Buenos Aires under a U.S.-backed assistance plan that includes an initial US$20 billion swap.
- Bessent posted from South Korea during President Trump’s Asia trip, said he spoke with Milei, and told investors they should readily finance Argentina’s 2026 needs.
- The Treasury chief said the Argentine economic bridge now generates benefits for the American people, framing the policy within Trump’s economic agenda.
- He escalated his dispute with Democrats by calling Senators Elizabeth Warren and Amy Klobuchar “failures” and labeling Warren an “American peronist,” drawing political backlash in Washington.
- Bessent also criticized the government shutdown and Congress for stalling aid to U.S. farmers and delaying activation of the Agricultural Credit Agency.