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In a bold move to stabilize Argentina’s faltering economy, the United States has announced the purchase of Argentine pesos and finalized a $20 billion financial rescue package. Treasury Secretary Scott Bessent confirmed the decision on social media, emphasizing the US commitment to supporting Argentina’s reform agenda. ‘The US Treasury is prepared to take whatever exceptional measures are warranted,’ Bessent stated, underscoring the strategic importance of a stable Argentina for the Western Hemisphere. The announcement has bolstered the peso and Argentine debt in financial markets, though it has reignited domestic debate in the US, where critics argue the funds could be better spent addressing domestic issues like healthcare. Democratic Senator Elizabeth Warren voiced her opposition, questioning the decision to aid Argentina while the US faces its own fiscal challenges. Argentina, grappling with a sharp decline in the peso’s value and dwindling reserves, is set to hold midterm elections on October 26, which will test public support for President Javier Milei’s austerity measures. Milei, a Trump ally, has implemented sweeping deregulation and spending cuts to curb inflation, earning praise from international investors but sparking domestic backlash. The US support has also drawn criticism from American farmers, who fear losing their soybean market to Argentina. Despite the controversy, Bessent defended the move as a bipartisan priority, highlighting the need for a prosperous and stable Argentina. Milei expressed gratitude for the US support, vowing to strengthen economic ties between the two nations.

Controversial right-wing figure Alex Jones has petitioned the US Supreme Court to temporarily suspend a staggering $1.5 billion defamation judgment against him, which threatens the forced sale of his media company, Infowars. The judgment stems from Jones’ repeated false claims that the 2012 Sandy Hook Elementary School shooting was a hoax. Jones argues that selling Infowars to satirical news site The Onion, backed by the victims’ families, would cause irreparable harm to him and his 30 million followers. The sale was previously rejected in a bankruptcy auction last year. Jones is now seeking to pause the judgment while his appeal is considered, with the Supreme Court expected to review his application privately on Friday. His legal team contends that Jones, as a media defendant, should be protected under the First Amendment, warning that the judgment could set a dangerous precedent for journalists, stifling free speech. Jones’ attorneys also claim the bankruptcy auction was marred by collusion, a claim dismissed by the court. In his application, Jones warned of “irreparable injury” if Infowars is sold to its “ideological nemesis” and dismantled. The Sandy Hook shooting, which claimed the lives of 20 children and six adults, remains one of the deadliest school massacres in US history. Jones, who has since acknowledged the attack as “100% real,” previously propagated baseless conspiracy theories, accusing victims’ families of being “crisis actors” and claiming the tragedy was staged to restrict gun rights.

In a surprising turn of events, President Donald Trump has announced a landmark agreement to release all remaining hostages held by Hamas, marking a significant step toward a more durable peace in the Gaza region. This achievement, which eluded his predecessor Joe Biden, underscores Trump’s unique diplomatic approach and his strong relationships with both Israel and the Arab world. The deal, announced on 9 September, follows an Israeli air strike in Qatar that initially seemed to derail peace prospects but ultimately became a catalyst for negotiations. The agreement includes plans for Hamas disarmament, Gaza governance, and a partial Israeli withdrawal, though many details remain to be finalized. Trump’s ability to exert unprecedented pressure on Israeli Prime Minister Benjamin Netanyahu, coupled with his rapport with Gulf states, played a pivotal role in securing the deal. The global reaction has been mixed, with some celebrating the ceasefire while others remain cautious about the long-term implications. This breakthrough could become a defining moment of Trump’s second term, potentially reshaping the trajectory of Middle East diplomacy.

New York Attorney General Letitia James has been indicted on federal charges by a grand jury, marking a significant development in a case that has drawn national attention. The indictment, issued in Alexandria, Virginia, stems from allegations of mortgage fraud, though specific charges remain undisclosed. This comes after the Justice Department previously investigated James for allegedly falsifying bank and property records to secure favorable loan terms. Officials from the Federal Housing Finance Agency accused James of misrepresenting a property in Norfolk, Virginia, as her primary residence in 2023, while she served as New York’s top prosecutor, to obtain a lower interest rate on a loan. Mortgages for primary residences typically offer more advantageous terms. The indictment follows a contentious legal history involving James, who led a high-profile civil fraud investigation against former President Donald Trump in 2023. In that case, Trump was found liable for falsifying records to secure better loan deals, resulting in a $500 million fine, though the penalty was later overturned by an appeals court as excessive. Trump has since publicly called for the prosecution of his political opponents, including James, citing concerns over credibility and reputation. The BBC has reached out to James’ office for comment, and further updates are expected as the story develops.