Reported about 16 hours ago
Treasury Secretary Scott Bessent emphasized that finalizing a $20 billion lifeline for Argentina amid the government shutdown was vital for the Treasury's mission, responding to Senator Elizabeth Warren's concerns regarding resource allocation. The lifeline, structured as a 'currency swap' for Argentina’s central bank to stabilize its economy, comes at a time of significant devaluation of the Argentine peso following political turmoil. Despite initial improvements, the peso has recently hit new lows, raising questions about the effectiveness of the aid.
Source: YAHOO