By supporting Argentina, the U.S. government hopes to start a domino effect preventing ‘failed states’ across South America, says Bessent

FortuneFriday, October 3, 2025 at 10:52:11 AM
By supporting Argentina, the U.S. government hopes to start a domino effect preventing ‘failed states’ across South America, says Bessent
Treasury Secretary Scott Bessent has praised Argentina under Javier Milei as a potential model for South America, emphasizing the importance of supporting the country to prevent the rise of failed states in the region. By providing swap lines instead of direct cash aid, the U.S. aims to foster stability and encourage positive change, which could have a ripple effect across neighboring nations. This strategic support highlights the U.S. commitment to promoting economic resilience in South America.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Treasury Plans to Mint $1 Commemorative Trump Coin
NeutralFinancial Markets
The U.S. Treasury is considering minting a $1 commemorative coin featuring President Trump's image to celebrate the 250th birthday of the United States. However, there are legal uncertainties surrounding this proposal, as an 1866 act restricts the depiction of living individuals on U.S. currency. This initiative raises questions about the intersection of law, politics, and national celebrations, making it a noteworthy topic for both coin collectors and political enthusiasts.
Milei’s 48-Hour Tariff Pause Spurs Record Surge in Crop Exports
PositiveFinancial Markets
Argentine President Javier Milei's recent decision to pause crop export tariffs for 48 hours has led to an unprecedented surge in bookings, marking a significant moment for the country's agricultural sector. This move not only aims to stabilize the nation's finances but also highlights the importance of agriculture in Argentina's economy. Farmers and commodity traders are now navigating the implications of this surge, which could reshape the landscape of crop exports in the region.
Trump Reportedly Eyeing $10 Billion Farmer Bailout—Using Tariffs: Here’s What To Know
PositiveFinancial Markets
Former President Trump is reportedly considering a $10 billion bailout for farmers, leveraging tariffs as a means to provide substantial support. This news comes as Treasury Secretary Scott Bessent announced that more details will be revealed next week. The potential bailout is significant as it could help farmers facing economic challenges, especially in light of recent trade issues. It highlights the ongoing discussions around agricultural support and the impact of tariffs on the farming community.
Bessent Says US ‘Not Putting Money’ in Argentina, Touts Swaps
NeutralFinancial Markets
US Treasury Secretary Scott Bessent expressed support for Argentina's President Javier Milei, emphasizing that while the US backs the country, it does not involve direct financial investment. This statement comes amidst fluctuating bond markets, highlighting the complexities of international aid and investment. Understanding these dynamics is crucial as they can significantly impact Argentina's economic stability and investor confidence.
Democrats finally have some leverage in the shutdown fight. They should use it | Robert Reich
NegativeFinancial Markets
The U.S. government has officially shut down as of Wednesday, marking a significant moment in the ongoing political struggle. With funding exhausted, federal operations are halted, impacting services and employees nationwide. Robert Reich, a former labor secretary, emphasizes that Democrats now have a crucial opportunity to leverage this situation to advocate for their policies. This shutdown not only affects government functionality but also highlights the deepening divisions in American politics, making it a pivotal moment for future negotiations.
Taiwan considers high-tech strategic partnership with United States
PositiveFinancial Markets
Taiwan is exploring a high-tech strategic partnership with the United States, which could significantly enhance its technological capabilities and security. This collaboration is crucial as it not only strengthens Taiwan's defense against regional threats but also fosters innovation and economic growth. The partnership reflects a growing alignment between the two nations in the face of global challenges, making it a pivotal moment for Taiwan's future.
Farage, Trump, Musk: your boy Javier Milei just took one hell of a beating. Why so quiet? | Aditya Chakrabortty
NegativeFinancial Markets
Javier Milei, the controversial president of Argentina, is facing significant backlash as the country's economic situation deteriorates. Once hailed as a hero for his radical economic reforms, Milei's silence amid the chaos raises questions about his leadership and the sustainability of his policies. This situation is crucial as it not only impacts Argentina's future but also reflects broader trends in global politics, where populist leaders are often celebrated until faced with real challenges.
Trump’s lifeline won’t stop Argentina’s president repeating old mistakes
NegativeFinancial Markets
Argentina's President Javier Milei is facing criticism for his handling of the economy, particularly in trying to stabilize the peso by depleting foreign exchange reserves. Despite receiving support from Trump, analysts believe that Milei's approach may lead to repeating past mistakes that have plagued the country's financial stability. This situation is crucial as it highlights the ongoing challenges Argentina faces in managing its economy and the potential consequences for its citizens.
Renault in talks with China’s Chery for making cars in South America - Bloomberg
PositiveFinancial Markets
Renault is currently in discussions with China's Chery to establish a car manufacturing operation in South America. This collaboration could significantly boost Renault's presence in the region, tapping into the growing automotive market and potentially creating jobs. The partnership reflects a strategic move to leverage Chery's expertise and resources while expanding Renault's footprint in a competitive landscape.
US shutdown blame game: Republicans and Democrats trade accusations over funding halt
NegativeFinancial Markets
The United States is facing another government shutdown as Republicans and Democrats in Congress failed to agree on a funding bill, which is particularly concerning given the current economic instability marked by rising inflation and a weakening job market. This situation not only affects government operations but also adds to the uncertainty for citizens and businesses alike. Meanwhile, France is preparing for more strikes and protests as Prime Minister Sébastian Lecornu works on a budget, with unions advocating for higher taxes on the wealthy. This highlights the growing tensions around fiscal policies in both countries.
Bessent’s Argentina Rescue Pledge Put to Test by Traders Attacking Peso
NegativeFinancial Markets
Treasury Secretary Scott Bessent's commitment to stabilize Argentina's economy is facing scrutiny as traders challenge the peso's value. His recent support for President Javier Milei is now under pressure, highlighting the ongoing volatility in the market. This situation is crucial as it reflects the broader economic challenges Argentina is grappling with, and how government pledges can influence investor confidence.
The Guardian view on Trump’s Argentina bailout: it’s a political play, not an economic plan | Editorial
NegativeFinancial Markets
The recent $20 billion bailout for Argentina, led by US Treasury Secretary Scott Bessent, is raising eyebrows as it appears more like a political maneuver to support rightwing populist Javier Milei, a close ally of Donald Trump, rather than a genuine effort to stabilize the country's economy. This move is significant as it highlights the intertwining of US foreign policy and electoral strategies, suggesting that the US may prioritize political alliances over economic stability in Latin America.
Latest from Financial Markets
Trump tells Israel to stop bombing Gaza, saying Hamas is ready for peace
PositiveFinancial Markets
In a significant diplomatic move, Trump has urged Israel to halt its bombing campaign in Gaza, suggesting that Hamas is open to peace negotiations. This statement could mark a pivotal moment in the ongoing conflict, as it highlights the potential for dialogue and resolution. Trump's call for restraint may encourage both sides to consider a ceasefire, which is crucial for the humanitarian situation in Gaza and for regional stability.
Mexico’s Cristalino Tequila Trend Expands Its Fan Base In A Growing U.S. Market
PositiveFinancial Markets
Cristalino tequila, a beloved drink in Mexico, is making waves in the U.S. market as its popularity continues to soar. This trend highlights a successful blend of tradition and innovation, appealing to a growing audience eager for unique flavors. As more consumers discover this smooth and refined spirit, it not only enriches their drinking experience but also signifies a shift in the American beverage landscape, showcasing the increasing appreciation for premium tequila.
WWE SmackDown Results, Winners And Grades On 10/3/2025
PositiveFinancial Markets
The latest WWE SmackDown on October 3, 2025, brought excitement with thrilling matches and open challenges from stars like Cody Rhodes, Roman Reigns, and Sami Zayn. This event is significant as it showcases the evolving storylines and rivalries in the wrestling world, keeping fans engaged and eager for more action.
Saudi Arabia Takes a Risk in Boosting Oil Production—and Gives Trump a Win
NeutralFinancial Markets
Saudi Arabia's decision to increase oil production has led to a decline in crude prices this year, presenting both opportunities and risks for the kingdom. While this move may provide a political win for Trump, it raises concerns about the long-term stability of the oil market and the economic implications for Saudi Arabia. Understanding these dynamics is crucial as they could impact global energy prices and geopolitical relations.
Amazon is selling a waterproof Casio sport watch for just $49 right now
PositiveFinancial Markets
Amazon is currently offering a waterproof Casio sport watch for just $49, making it an affordable option for those looking to add a classic piece from the 1980s to their collection. This watch is not only stylish but also practical, perfect for anyone who enjoys outdoor adventures. Its durability and retro design make it a great buy, appealing to both nostalgia and functionality.
Kennedy’s Ties to Ally Leading Vaccine Lawsuits Raise Ethical Concerns
NegativeFinancial Markets
The involvement of Aaron Siri in vaccine lawsuits that align with Health Secretary Robert F. Kennedy Jr.'s agenda has sparked ethical concerns. This situation raises questions about the integrity of legal processes and the potential influence of political agendas on public health policies, which could undermine trust in vaccine initiatives.