https://www.reuters.com/world/americas/us-treasury-chief-us-ready-support-argentina-leaders-meet-tuesday-2025-09-22/WASHINGTON, Sept 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said that "all options" were on the table for stabilizing Argentina, including swap lines and direct currency purchases, while underscoring President Donald Trump's confidence in Argentine President Javier Milei and his economic team.Bessent told reporters any U.S. action would be "large and forceful," but said no steps would be taken until after he and Trump meet with Milei in New York on Tuesday on the sidelines of the United Nations General Assembly.Asked if Washington could act immediately afterwards, Bessent said: "We'll see where the markets are and what the level of outflows are - or maybe the outflows turn into inflows - but no one should doubt the resolve of this administration, or my resolve."Bessent refused to be drawn on what specific steps the U.S. might take, but said, "I can tell you that it will be large and forceful."Argentine financial assets rallied on Monday on the news, with U.S.-traded stocks up over 10% and the peso strengthening, after sharp drops in recent weeks that included international bonds declining more than 20% for the year through Friday.Markets have been roiled by corruption allegations inside Milei's circle and a larger-than-expected loss in a local election in Buenos Aires, reflecting growing frustration with austerity measures and triggering investor concern over Milei's ability to continue to reshape the economy, with October midterm elections on the horizon.Bessent, a former hedge fund executive, said he did not see a risk of financial contagion from the fallout and underlined Washington's confidence in Argentina's implementation of economic reforms. Since taking power in late 2023, Milei has had some success in taming high inflation and achieving a budget surplus.
"What they're trying to do is bolster Argentina until the elections - if they can get that far," said Mark Sobel, a former senior U.S. Treasury official and current U.S. chairman of the Official Monetary and Financial Institutions Forum think tank."Milei deserves tremendous credit for what they've done on the fiscal and monetary policy front ... but the exchange rate is just vastly overvalued and they've got to fix that," he said. Serious steps to do that would cause inflation, he said, posing further challenges for Milei ahead of the election.NO NEW TERMS FOR US SUPPORTBessent first announced U.S. support for Argentina in a social media post, saying all options were on the table."These options may include, but are not limited to, swap lines, direct currency purchases, and purchases of U.S. dollar-denominated government debt from Treasury's Exchange Stabilization Fund," Bessent wrote on X.He told reporters any U.S. action would not result in new demands or conditions beyond Argentina's continued adherence to the terms of its loan deal with the International Monetary Fund."I can't speak for the president, but as far as Treasury is concerned, there's no conditionality," he said."We remain confident that President @JMilei's support for fiscal discipline and pro-growth reforms are necessary to break Argentina's long history of decline," Bessent wrote on X.Argentina in April signed a new $20 billion four-year loan deal with the IMF, where the U.S. is the biggest shareholder. The deal required the country to dismantle years-long currency controls and loosen its grip on the peso, but economists say the currency remains overvalued.Argentina's central bank made its largest daily dollar sale in nearly six years on Friday as it continued to use reserves to support the local currency, meeting strong dollar demand from institutional investors wary of political instability.
The bank's latest intervention was for $678 million, bringing the total amount of dollars sold in the last three sessions to $1.1 billion.Argentina shored up dwindling foreign reserves in April by renewing a $5 billion activated swap line with China for another year.TREASURY SATISFIED WITH IMF'S POSITIONBessent told reporters that the IMF was unable to make adjustments to its Argentina program until after October's legislative elections. He said he spoke with IMF chief Kristalina Georgieva over the weekend and was "very satisfied" with the global lender's position.It was not immediately clear if Georgieva, who is also due to attend the U.N. meetings, would meet with Milei in New York. The IMF had no immediate comment on Argentina's situation.Asked if Milei ally Elon Musk had played a role, given reports that Musk spoke to Trump on Sunday, Bessent said: "not that I know of."He said the Trump administration hoped to solidify what it sees as a rightward shift in Latin American countries, including potentially Colombia.Bessent blamed Argentina's turmoil on skittish investors with some "muscle memory" from Argentina's previous administration."Either there's some risk management or a rush for the exit with the idea that the opposition could do well in the upcoming election," he said.
>>1441059Trump is already dragging down the US economy, why not take another country down with it. >ArgentinaOh good an already destroyed economy, destroyed by their own version of Trump. That's going to go well.
>>1441085The Argentine economy was destroyed long before Milei by leftist progressive policies.But revisionist history is fun to dabble in if you need to keep yourself sane as your, very wrong, ideals are proven wrong in practice.Don't shoot up a school when you finally break mentally, OK?
>>1441107Go to bed, grandpa, you're shitposting on 4chan again.
Sweet, what's this gonna do to our national debt? We're already up 4 trillion (that's $4,000,000,000,000.00 for those keeping score), why not add an entire other country's worth of debt on top. Who fucking cares at this point? Spend spend spend.
>>1441108Countering lies is shitposting? You know, the more you lie about easily provable facts, the more people hate you and the more people hate you, the more likely you are to take it out on defenseless children as is the liggeral zeitgeist.
>>1441111You know, the federal government spends like 3 trillion a year subsidizing US healthcare, right?Just stop funneling cash to insurance jews and we could pay of the national debt in a few years.
>>1441113You're the only one here lying though.
America First... after Argentina.
Children are just an easy target. Look at history, look at nature. Police use that threat too. "We'll take your kids!"School shootings are just evolution of our way of life, we could change but we refuse.
>>1441059All these fascist freaks are working together as one big cabal.
>>1441114Why not end the military industrial complex first? It would more than pay for every American's healthcare.
>>1441128Well, to be fair, there's no Democrats in Argentina, so it'll probably be easier to fix stuff.And doesn't your side of the faggot dichotomy want to trade with and help brown foreigners as much as possible?
>>1441135I think you need to run those numbers, that you didn't even look at, again there, buddo.
>>1441146Found the military industrial complex apologist
>>1441145Haha your president is sucking brown foreigner cock.
>>1441107Don't care, stop spending american money on argentina,
>>1441085Argentina was a failed state before Milei even took office. Peronism and the Falklands war destroyed what could have been the 2nd biggest economy in the New World after the US. It's no surprise that it's taking time to stabilize things, the decrease in rent prices and wider availability of apartments and housing in Buenos Aires should be a sign that things are getting better.
>>1441145Is that how you cope? Aid is going to foreigners while America's jeep waiting for their turn on top... temporary pain, anon... until the next and the next and the next. Enjoy having your country's coffers emptied to help the browns.
America first, right?
>>1441228Yeah somewhat. Peronism, the worst thing to ever happen to the universe, and its eternal return of doom; created mayhem in each and every single instance where it happened.Perón came to power in '46 witha central bank overflowing in gold, by '55 it was all empty. After Perón ran and was banned until '73, he spent his year in Franco's Spain doing everything possible to de-stabilize the country. He came back, and oops he did it again. Internal conflict and the tipping point of Celestino Rodríguez "Rodrigazo" fucked everything up.The dissapperances and tortures conducted by Perón's AAA para-policial milita were then continued by the Junta. And after economic mayhem and social disaster and a war in between; democracy did return. Wasn't all love and rainbows though. Peronismo in the opposition, the military up in arms against trials against them for exrtajudicial killings, were too much for Alfonsín, and then Peronismo came back.The unnamable president did some things right though. But in the end, as with every Peronista instance, economic mayhem. De la Rúa lasted little until a civil coup staged by Peronismo which sent them straight back into power.But after burning the stock, as they always do, Peronismo left a mess of 20 years of crazy.Now, with the voting in the BsAs province, they thought it was the sign of their return, so investors fled Argy again. They are not stupid. If Peronismo comes back, it's going to fail again as it always did. Nobody wants to end up holding a falling knife.While Milei is a retard, his "Austrian economy" ideas are pretty bad, he did fix many of the messes left by Peronismo. Thing is, he has many Peronistas within which is always a bad siign. But as long as Peronismo doesn't return to the pink-house, all is well with the world.Thanks he has some good folks running the economy and central bank, and while everytime Milei wants to intervene with his crazy shit and fucks things up (like the LEFI disaster)...
>>1441328(cont) this is much better than whatever bullshit solution the Peronistas throw around.Oh wait! They have no solutions, just comfy tales about Asado making a comeback or people of low income being able to buy football shoes to their cunturds. Great! How to get there, that's the ¿? of the Underpant Gnomes business plan.As always, Peronismo isn't left, isn't right, isn't a movement: It's essence is the figure of illicit association: "a group of 2 or more people dedicated to an unspecified amount of criminal acts".Anything's better than that. Even a Milei, even Trump's support. And do remember, both of those are pretty stupid and potentially dangerous (well, Trump is pretty much America's Perón, so I guess the US is fucked now).
>>1441085>You'd have won the elections my friend>The demorats opinion can suck my dick>This is clearly exactly what I voted forhttps://www.youtube.com/watch?v=v7wzK0ZKVkUBuy Merval. Hug.
>>1441334Alerta do Termo
>>1441334>huehuehue intensifies
I just realized Trump has a girl speaking for him. That's some funny shit!
China just outplayed the USA again. Have fun going hungry.
>>1441059Why? For what fucking purpose?
>>1441375To take tax dollars out of the country and then get them back, except not to taxpayers."Here is $3,000,000,000. I want $1,000,000,000."Why the fuck else?
>>1441193Why, isn't Argentina dark skinned enough for you to care about?How darkly pigmented must a country be before you give a shit?
>>1441503They aren't white enough. They need to be pasty white, an artificial orange is acceptable too.
>>1441520Having pure bloodlines with 12 toes and 2 noses is also fine.
>>1441375to own the libs in two different countries
>>1441524Well, owning the libs is the best policy and makes great improvements in all areas of society and economics.Hopefully the libs get pilloried to the point of no return this time.
Imagine, your groceries cost more, your president cuts aid benefits, your president talks about how important you are and should come first, takes your tax dollars to embezzle after striking a deal with browns. Now imagine, you like the abuse, it reminds you of your family and they loved you, no?
