Ahead of key legislative elections in Argentina, the Trump administration offered a $20bn rescue package, known as a currency swap facility, to help stabilise the peso. This is an agreement between two central banks to exchange debt under set terms. The agreement was officially signed on October 20.

Treasury Secretary Scott Bessent said on Tuesday that the U.S. has signed its $20 billion “economic stabilization” agreement with Argentina to prop up the South American nation’s crumbling

Senator Elizabeth Warren is demanding answers on whether the Trump Administration has used taxpayer funds to buy Argentine pesos as part of a controversial $20 billion rescue plan for Argentina.

The United States has finalized a $20 billion bailout framework with Argentina, making good on President Donald Trump's pledge to help the struggling country.

Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.

National Cattlemen’s Beef Association CEO Colin Woodall said Trump’s idea to buy Argentine beef “only creates chaos at a critical time of the year.”