Milei's Argentina is at a crossroads — the US can help ensure its success 

As Argentina faces heightened economic volatility following recent mid-term elections, the U.S. finds itself in a delicate position.

The Argentine peso has depreciated, reflecting market concerns after President Javier Milei’s party lost badly in a provincial election in Buenos Aires. Investors are watching closely, and the country’s fiscal stability is under scrutiny. Against this backdrop, Treasury Secretary Scott Bessent has signaled strong support, emphasizing that “all options for stabilization are on the table,” from swap lines and currency purchases to buying Argentine debt through the Treasury’s Exchange Stabilization Fund.

Yet although executive action provides immediate tools, long-term and systemic support requires congressional involvement. Many stabilization mechanisms, part