Treasury Secretary Bessent unveils $20 billion ‘bazooka’ to try to stem Argentina’s financial crisis
1. U.S. plans $20 billion swap line to aid Argentina's economy. 2. Bessent aims to stabilize markets before Argentina's upcoming elections. 3. U.S. may purchase Argentina's dollar bonds if market conditions allow. 4. Milei's government faces significant political and economic challenges. 5. Positive U.S. actions could attract foreign investment in Argentina.