U.S. Treasury Secretary BESSENT said on Tuesday he supports using the U.S.
balance sheet as a diplomatic tool to advance allies' interests, including in
overseas financial and political matters. He said the administration seeks to
build alliances in the Western Hemisphere and cited Argentina as an early
example, noting the U.S. provided a package worth tens of billions of dollars
last year to stabilize its currency and support the Milei government ahead of
midterm elections. BESSENT's remarks signal the Trump administration's public
willingness to deploy U.S. fiscal resources to influence foreign political and
economic outcomes.
