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Senator Warren challenges $20B U.S. aid to Argentina, fearing it favors hedge funds over the economy and seeks to block it.
Democratic Senator Elizabeth Warren has asked the Managed Funds Association about its potential influence on the U.S. $20 billion financial support package for Argentina, citing concerns it may benefit hedge fund investors more than Argentina’s economy.
The deal, finalized by Treasury Secretary Scott Bessent, includes currency swaps and peso purchases to stabilize Argentina’s economy ahead of key elections.
Warren opposes the aid, arguing it undermines America’s economic nationalism and harms U.S. farmers, and is introducing legislation to block future use of the Exchange Stabilization Fund for Argentina, with existing agreements to end within seven days of passage.
The move has drawn bipartisan criticism, though Argentina’s markets rose sharply after the announcement.
El senador Warren desafía la ayuda estadounidense de $ 20 mil millones a Argentina, temiendo que favorezca a los fondos de cobertura sobre la economía y busque bloquearla.