US ready to help with Argentina's fiscal turmoil

US Treasury Secretary Scott Bessent pledges support to stabilize Argentina's financial turmoil, calling the country a crucial US ally in Latin America. Recent election losses in Argentina have sparked concerns about the future of President Milei's cost-cutting measures, leading to a plummeting peso and fleeing investors. The US government is considering various forms of support, including purchasing Argentine pesos and government debt, to assist Argentina in resolving its fiscal crisis. President Milei expressed gratitude for the US's pledge of help, boosting Argentine stocks and dollar-denominated debt prices in financial markets.