Leer en español Most Read from Bloomberg 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. Treasury Secretary Scott Bessent floated the idea of a rescue package this week, saying he’s prepared to deploy the agency’s Exchange Stabilization Fund to help Argentina. Bessent said the US could offer swap lines and purchases of currency or government bo ...

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent's pledge of "large and forceful" actions to stabilize Argentina's wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while. Bessent's backstop for Argentina with Treasury's occasionally used $219.5 billion Exchange Stabilization Fund sent the peso and other Argentine assets soaring after major losses last week. But he said decisions on any U.S. interven ...