Argentina's $40B Bailout: Risky Rescue or Economic Lifeline?

Is the U.S. Bailing Out Argentina? A new $20 billion support package, doubling the total to $40 billion, is raising eyebrows. Treasury Secretary Bessent calls it a private-sector solution to help Argentina manage debt, but with President Milei's budget cuts causing unrest and investors dumping pesos, is it enough? The U.S. is even buying pesos to stabilize the currency, but experts doubt it'll fix deep-rooted issues. Get ready for the home-front fallout: U.S. farmers are furious, claiming Argentina's soybean tax cuts, fueled by the initial bailout, are costing them big.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.