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Trump Admin’s $20 Billion ‘Bail Out’ for Argentina’s Milei Raises Eyebrows (www.newsweek.com)

submitted 2 months ago* (last edited 2 months ago) by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the U.S. is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump's "America First" agenda.

Argentina is one of the biggest South American economies, and has notable natural resources, including oil, gas, uranium and lithium, which are often used in batteries.

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[–] Archangel1313@lemmy.ca 14 points 2 months ago (1 children)

What happened to everyone claiming Milei was fixing the economy? Every other story I've read about Argentina has been a back and forth about how great everything is, versus how broken it is.

[–] IAmNorRealTakeYourMeds@lemmy.world 3 points 2 months ago

the fact they need a bailout will tell you exactly which of those news are BS