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Argentina’s economy is in crisis—again. President Javier Milei’s reforms slashed inflation and balanced the budget, but now the peso is under siege. In this video, we unpack the $20 billion U.S. bailout, the speculative pressure on Argentina’s currency, and the political risks ahead of the October 26 midterms.
We’ll look at:
Why the U.S. Treasury is buying pesos for the first time in decades
How Milei’s fixed-but-adjustable exchange rate is draining reserves
The geopolitical angle: China, soybeans, and Washington’s strategic bet
What history tells us about defending overvalued currencies
Whether Milei’s reform agenda can survive—or if the chainsaw has stalled
POLITICO reports that Trump staffer, Michael Bartels, still has a job working for Donald Trump despite participating in a racist group chat with other Young Republicans. After POLITICO published their reporting, Trump addressed the press but, as MSNBC’s Lawrence O’Donnell explains, Trump “spent the day angry at all sorts of people … but not even slightly bothered by Michael Bartels.”