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MYSTERIOUS: Us mulls economic lifeline for ally argentina - You Need To See This

Javier Milei Argentina United States Scott Bessent the US Treasury Donald Trump Economy International Monetary Fund

Argentina's President Javier Milei is battling a run on the peso in the aftermath of an election trouncing for his party (Credit: AFP)

The US Treasury said Monday it stood ready to "do what is needed" to support Argentina's economy, as President Javier Milei battles to calm jittery financial markets.

Self-declared "anarcho-capitalist" Milei, a close ally of President Donald Trump, has been faced with a run on the peso, having to sell off dwindling foreign reserves in the aftermath of a provincial election trouncing for his party.

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