Trump Admin’s $20 Billion ‘Bail Out’ for Argentina’s Milei Raises Eyebrows

On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the U.S. is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump's "America First" agenda.

Argentina is one of the biggest South American economies, and has notable natural resources, including oil, gas, uranium and lithium, which are often used in batteries.