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.