What happened

President Donald Trump Tuesday explicitly tied his $20 billion bailout for Argentina to upcoming elections in the South American country. If President Javier Milei’s party loses ground in the Oct. 26 midterms, “we are not going to be generous with Argentina,” Trump told reporters at the White House with his ally Milei seated nearby. “If he doesn’t win, we’re gone.”

Who said what

Trump made the “highly unusual decision to intervene in Argentina’s currency market after Milei’s party suffered a landslide loss in a local election last month,” The Associated Press said. That “crushing defeat” spooked investors and prompted Milei’s government to sell off “precious dollar reserves at a feverish pace” to shore up the peso, aiming to “stave off what many economists see as an

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