US-China Trade Officials Set for High-Stakes Talks to Avert Rare Earths Crisis
Escalating Tensions Over Critical Minerals US Treasury Secretary Scott Bessent is scheduled to meet with Chinese Vice-Premier He Lifeng in…
Tag: United States Department of the Treasury
US-China Trade Showdown: Rare Earths Dispute Threatens Global Supply Chains and Bilateral Summit
Note: Featured image is for illustrative purposes only and does not represent any specific product, service, or entity mentioned in…
US Treasury Arranges $20 Billion Debt Support Package for Argentina Amid Market Crisis
The US Treasury is reportedly arranging a $20 billion private-sector debt facility to help Argentina meet upcoming payments, according to Treasury Secretary Scott Bessent. This comes alongside a separate $20 billion currency swap line announced last week as markets remain volatile. The intervention has temporarily stabilized Argentine bonds and the peso, though political uncertainty persists.
US Treasury Announces New Argentina Debt Support
The US Treasury is arranging a $20 billion private-sector facility to help Argentina meet upcoming debt payments, according to Treasury Secretary Scott Bessent. Sources indicate the package would be funded by private banks and sovereign wealth funds, with many reportedly expressing interest in participating.