Trump Action Archive

Supporting reports

• United States sells Venezuelan oil and holds proceeds in Qatar — The United States has sold $500 million worth of Venezuelan oil and is holding the proceeds in a Qatar account rather than in U.S. banks. Trump claims he has the power to manage this money and is attempting to prevent its capture by oil companies with prior claims against Venezuela. Senator Elizabeth Warren stated there is no legal basis for a president to set up an offshore account to control assets seized by the American military.
• Trump administration completed first Venezuelan oil sale valued at $500 million — The Trump administration executed its first sale of Venezuelan oil valued at $500 million following the ouster of Nicolás Maduro. Trump signed an executive order detailing how the U.S. plans to block courts and creditors from accessing revenue from oil sales. Revenue is being held in bank accounts controlled by the U.S. government, with the main account located in Qatar and additional funds held in U.S. Treasury accounts. Trump indicated the U.S. would effectively run Venezuela and take control of up to 50 million barrels of oil.
• Trump discusses Venezuelan oil sales — Trump revealed that the U.S. has sold $500 million worth of Venezuelan oil and is keeping the proceeds in Qatar, claiming he has the authority to manage these funds.

Supporting reports

• United States signs economic stabilization agreement with Argentina, commits $20 billion currency swap — The United States signed an "economic stabilization agreement" with Argentina's central bank, committing to swap $20 billion in currency to prop up the Argentine peso, in addition to at least two previous direct purchases of pesos. Treasury Secretary Scott Bessent stated the government is arranging for private lenders or sovereign wealth funds to contribute another $20 billion into the Argentine economy. Banks have requested security from the United States that they will recover their money if the Argentine economy continues to decline.
• Trump Announces $40 Billion Aid to Argentina — President Trump has announced a $40 billion aid package to Argentina, intended to stabilize the country's currency. However, the move has been criticized for benefiting Trump-aligned investors while failing to address economic challenges faced by Americans. The aid has not succeeded in stabilizing Argentina's currency as intended.
• U.S. Treasury peso purchases fail to stabilize Argentine currency — The Argentine peso fell below levels reached before the U.S. Treasury began purchasing pesos earlier in October, indicating that the Trump administration's financial support has failed to halt the currency's decline ahead of crucial midterm elections for President Milei. The Treasury has made approximately three purchases totaling roughly $400 million since October 9, and a $20 billion currency swap line was announced, but the peso continued to slide.
• Trump’s $40 billion bailout of Argentina fails — Donald Trump’s $40 billion taxpayer-funded bailout of Argentina has failed, with the Argentine peso losing 10% of its value in the first two weeks of October. The economic situation in Argentina has worsened, with interest rates soaring to 157% and inflation rising. Trump's intervention has not stabilized the economy and has drained U.S. resources.
• Trump administration approves $40 billion bailout of Argentina — The Trump administration approved a $40 billion bailout of Argentina. Representative Hakeem Jeffries criticized the expenditure during a government shutdown, stating Trump had "found time to bail out a right-wing wannabe dictator in Argentina with $40b" while refusing to negotiate with Democrats on reopening the government. Senator Rand Paul also criticized the bailout as inconsistent with "America First" policy, noting the funds are borrowed and the country faces a $2 trillion deficit. The National Cattlemen's Beef Association opposed the bailout, stating it undermines family farmers and ranchers by allowing importation of Argentine beef.