US Treasury Secretary Bessent Defends $20B Swap with Argentina Central Bank

US Treasury Secretary Scott Bessent publicly defended the $20 billion currency swap agreement with Argentina's Central Bank, stating the US secured tens of millions of dollars in returns. The deal, likely aimed at stabilizing Argentina's reserves, signals continued US financial support for the Milei government amid ongoing economic challenges. The exact terms and risk exposure remain undisclosed, but the defense suggests the arrangement is politically and financially significant.