Trump Action Archive

Supporting reports

• Treasury Secretary Bessent announced U.S. support for Argentina's economy — Treasury Secretary Scott Bessent announced on social media on September 22, 2025, fifteen minutes before Argentina's foreign-exchange markets opened, that the U.S. will consider "all options" for stabilizing Argentina's economy. Bessent stated that "Argentina is a systemically important U.S. ally." Argentina's right-wing president Javier Milei, a Trump ally, faces declining voter support ahead of elections next month due to austerity measures, inflation, and currency weakness.
• Argentina stock market surged following US Treasury announcement — Following the Trump administration's announcement of support for Argentina, Argentina's stock market surged 8% after having collapsed 10% in the previous 24 hours. The Kobeissi Letter reported that the timing of the US Treasury's "lifeline" announcement coincided with the market recovery, occurring one month before Argentina's midterm elections.
• Treasury Secretary announced support for Argentina bailout — Treasury Secretary Scott Bessent announced that the US Treasury stands ready to support Argentina with stabilization measures, stating that "all options are on the table" including swap lines, direct currency purchases, and purchases of US dollar-denominated government debt from the Exchange Stabilization Fund. Bessent praised President Javier Milei's fiscal discipline and pro-growth reforms.
• Treasury Department considered using Exchange Stabilization Fund to bail out Argentina. — The Wall Street Journal reported that the Trump administration was considering using the Treasury's Exchange Stabilization Fund to provide financial assistance to Argentina. The fund, created in the 1930s, can be used to supply loans to foreign countries facing dire financial difficulties, with the Treasury secretary having full control over its use. Brad Setser of the Council on Foreign Relations called such unilateral action "incredibly unusual," noting the U.S. typically coordinates such assistance with other countries and the IMF.
• Treasury Secretary Bessent offered financial support to Argentina without conditions. — Treasury Secretary Scott Bessent offered financial support to Argentina without conditions such as requiring the country to address its over-valued peso problem. Mark Sobel, a former U.S. Treasury and IMF official, criticized this approach as potentially "a way of just financing capital flight for little purpose," noting that investors have 100+ years of experience with Argentine over-borrowing, hyperinflation, and defaults.
• CPAC promoted Bessent's Argentina rescue package on social media — After Treasury Secretary Bessent announced the $20 billion rescue package for Argentina on September 24, CPAC promoted the deal on its social media accounts. This occurred despite CPAC's promotion of an "America First" agenda and despite the fact that CPAC's affiliated lobbying firm, Tactic Global, was simultaneously representing Argentina as a foreign agent and had organized CPAC Argentina featuring President Milei.
• Treasury announces $20 billion currency swap with Argentina; potential expansion to $40 billion — On September 24, Treasury Secretary Scott Bessent announced a $20 billion currency swap with Argentina, exchanging U.S. taxpayer dollars for Argentine pesos to support President Javier Milei's peso stabilization efforts. The bailout may expand to $40 billion as Bessent organizes an additional $20 billion facility financed by banks and private equity, with those banks demanding U.S. government guarantees to backstop potential losses. President Trump acknowledged the bailout provides little benefit to Americans but benefits hedge fund billionaire Robert Citrone, a personal friend and former colleague of Bessent with heavy Argentine asset investments.
• Treasury Secretary Bessent announced $20 billion bailout package for Argentina, reportedly at hedge fund billionaire's request — On September 24, Treasury Secretary Scott Bessent announced a $20 billion U.S. Treasury package to rescue Argentina's economy. Argentine media outlets report that hedge fund billionaire Rob Citrone, a personal friend and former colleague of Bessent, requested the bailout after his fund Discovery Capital suffered losses from Argentine investments. Citrone had previously urged Bessent to help secure a separate $20 billion IMF package in spring 2025. Argentine media also reports Citrone purchased additional Argentine bonds two weeks before the bailout announcement, raising suspicions he had access to confidential information.
• Treasury Secretary Bessent announces $20 billion rescue package for Argentina — Treasury Secretary Scott Bessent announced a $20 billion taxpayer-funded economic rescue package for Argentina, involving currency stabilization through dollar-peso exchanges. The package was designed to shore up Argentina's foreign currency reserves and stabilize the peso amid economic crisis under President Javier Milei. Bessent's announcement followed months of advocacy by hedge fund manager Rob Citrone, a personal and professional associate of Bessent, who holds substantial Argentine investments and stands to benefit significantly from the currency stabilization.
• U.S. prepares financial aid for Argentina — The U.S. government is preparing a $20 billion financial aid package for Argentina's right-wing leader Javier Milei, despite recent actions that undermine U.S. agricultural interests. This aid is being directed without following the usual congressional appropriations process.
• U.S. preparing $20 billion rescue package for Argentina — The Trump administration is preparing a $20 billion rescue package to bail out Argentina's right-wing leader Javier Milei, a Trump ally, before October elections. This financial support is being offered despite Argentina recently suspending its grain export tax, which undercut U.S. soybean farmers who lost their Chinese market due to Trump's tariff war. Within hours of Argentina's action, China purchased Argentine soybeans.

Supporting reports

• Supreme Court authorized freezing of $4 billion in foreign aid — The Supreme Court temporarily authorized the Trump administration to freeze approximately $4 billion in foreign aid set to expire at the end of the fiscal year on September 30, which includes funding for global health and HIV/AIDS programs. The decision allowed the administration to prevent the spending of congressionally appropriated funds.
• Trump administration filed emergency appeal to freeze foreign aid — The Trump administration filed an emergency appeal asking the Supreme Court to authorize the freezing of billions of dollars in foreign aid after a lower court ruled it must spend the funds before they expire at the end of the fiscal year on September 30. The move seeks to override judicial authority over appropriated funds.
• Supreme Court temporarily halts lower court order requiring Trump administration to spend $4.9bn in foreign aid — Chief Justice John Roberts issued a temporary stay on Tuesday halting a Washington DC federal judge's order requiring the Trump administration to spend nearly $5bn in congressionally appropriated foreign aid. Trump had announced via "pocket rescission" that he would not spend the funds, characterizing them as "woke, weaponized and wasteful." The stay gives aid groups until Friday to file a response. This marks the first pocket rescission in 50 years and follows Trump's earlier moves to dismantle USAID and downsize US global development and emergency response support.
• Supreme Court partially stays District Court order in Department of State v. AIDS Vaccine Advocacy Coalition — The Supreme Court, in an emergency application, partially stayed a September 3, 2025 District Court order (D.D.C., cases 1:25-cv-400 and 1:25-cv-402) for funds subject to the President's August 28, 2025 rescission proposal pending before Congress. The stay applies only to those funds and remains in effect pending further order of the Chief Justice or the full Court. Respondents were ordered to file a response by September 12, 2025, at 4 p.m. EDT.