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Bessent Puts US Money at Risk in $20 Billion Argentina Backstop

Scott Bessent and Javier Milei in New York, Sept. 24. — Scott Bessent and Javier Milei in New York, Sept. 24.
Photographer: Michael Nagle/Bloomberg

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By Daniel Flatley and Enda Curran

September 26, 2025 at 10:30 AM UTC

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The Trump administration’s $20 billion lifeline for Argentina leans on a Treasury fund that’s been successfully used to bail out troubled allies in the past – but it could still carry risks for US taxpayers.