Overview
- From South Korea, Scott Bessent phoned Javier Milei to congratulate La Libertad Avanza on its midterm victory and said markets should easily meet Argentina’s 2026 funding needs.
- Milei publicly thanked him and said Bessent will travel to Argentina soon, with local reporting linking the visit to an initial US$20 billion swap arrangement.
- Media accounts describe U.S. support that includes a US$20 billion swap and FX market operations aimed at stabilizing trading after an early post-election rally gave way to volatility.
- Bessent praised Milei’s economic agenda as a regional model under President Trump’s leadership and attacked Senators Elizabeth Warren and Amy Klobuchar, prompting partisan backlash.
- Congressional scrutiny escalated as Rep. Jamie Raskin asked financier Robert Citrone to detail potential windfall profits from the Argentina rescue and his dealings with U.S. and Argentine officials.