"Sen. Elizabeth Warren (D-Massachusetts) tried to pass the No Argentina Bailout Act on Tuesday afternoon via unanimous consent. [Treasury] Secretary [Scott] Bessent seems to be saying that the American economy can tank, and Americans can pay higher prices, but there will be no end to using American taxpayer dollars to bail out Argentina," said Warren. "For Trump, the leader of Argentina is more important than American families struggling with rising costs for health care."
"Republican Sen. Tim Scott (South Carolina) blocked a bill seeking to stop President Donald Trump's unprecedented $20 billion bailout of Argentina and its far right government on Tuesday, with Democrats criticizing Republicans' priorities as Americans languish under GOP cuts to social programs. The bill was blocked by Scott, who defended the bailout as backing "an important ally in South America" - an ally that, as Democrats pointed out, has been undercutting the U.S. on soybean exports and harming American farmers."
Republican Sen. Tim Scott blocked a bill aimed at stopping President Donald Trump's $20 billion bailout to Argentina and its far-right government. Democrats criticized the move as prioritizing foreign aid while Americans face GOP cuts to social programs. Sen. Elizabeth Warren proposed the No Argentina Bailout Act and condemned the administration for backing Argentinian President Javier Milei while gutting U.S. healthcare, imposing tariffs that raise prices, and cutting government staff. Treasury Secretary Scott Bessent is quoted as signaling continued use of taxpayer dollars for the bailout. Scott defended the aid as support for an important South American ally despite concerns about soybean export competition harming American farmers.
Read at Truthout
Unable to calculate read time
Collection
[
|
...
]