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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet

The New York Times•Friday, October 17, 2025 at 5:38:09 PM
NegativeFinancial Markets
Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent's decision to orchestrate a $20 billion bailout for Argentina raises serious concerns about the potential losses for U.S. taxpayers. As the Argentine peso continues to decline, this multibillion-dollar lifeline not only puts taxpayer money at risk but also highlights the challenges of supporting a country with a history of defaulting on its debts. This situation is crucial as it reflects broader implications for international financial stability and the responsibilities of U.S. officials in managing such high-stakes interventions.
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