Bessent defends US aid to Argentina, says Milei needed bridge going into election
ReutersOct 30, 2025 12:39 PM
WASHINGTON, Oct 30 (Reuters) - Treasury Secretary Scott Bessent defended U.S. aid to Argentina on Thursday, saying the country's president, an ally of U.S. President Donald Trump, needed a bridge going into the election.
Argentina needed help after a legacy of financial mismanagement, Bessent said. "The 47 million Argentinians, we are helping them and a majority of them now want free markets," he said in an interview with Fox Business Network.
He added that no money has been spent, with the funds coming from the Treasury's $211 billion Exchange Stabilization Fund, which has been used to back Federal Reserve lending facilities during crises.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Silver Frenzy Returns: Gold-Silver Ratio Falls Below 50 for First Time in 14 Years — Why Is Goldman Going Long?
TradingKey - Spot silver prices broke through the $90/oz mark this week, while the gold-to-silver ratio—a key indicator measuring their relative value—briefly fell below 50, hitting a 14-year low.TradingKey
Fri, Jan 16
Cardano Price Prediction: When Will ADA Price Rise and Can It Reach $10 by 2030?
In early 2026, Cardano rebounded from its lows, with ADA trading at approximately $0.41, a gain of over 24% in seven days. Short-term resistance levels for ADA are set at $1 and $1.3, with any breakout contingent on ecosystem growth, macroeconomic factors, and Bitcoin's performance. Reaching $10 witTradingKey
Mon, Jan 12
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026
TradingKey - Amid escalating global economic uncertainty, gold is experiencing its best performance since 1979, achieving its largest increase in 46 years. As 2025 draws to a close, major Wall Street institutions have confirmed gold's status as the best safe-haven asset, with a consensus forming thaTradingKey
Fri, Dec 26
European Central Bank 2026 Monetary Policy Outlook And Euro Exchange Rate 2026 Trend How?
TradingKey - The Federal Reserve has initiated an interest rate cut cycle, implementing its third consecutive rate cut since September this year, while the European Central Bank (ECB) has maintained a wait-and-see approach, keeping interest rates unchanged at 2.15% since July this year. In 2026, the Federal Reserve will maintain an accommodative monetary policy. If the European Central Bank maintains its current stance, what will be the future direction of the Euro exchange rate?TradingKey
Fri, Dec 26
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?TradingKey
Wed, Dec 10
Tradingkey
