US politics
fromThe Mercury News
5 days agoLetters: Congress should impeach Trump to reassert its authority
Congress must impeach the president to reassert constitutional authority and deter unlawful unilateral military actions.
The Argentine president, Javier Milei, who won a resounding midterm victory on Sunday, has received ample support from Donald Trump. Ahead of the congressional elections, Trump endorsed Milei and warned: If he loses, we are not going to be generous with Argentina. Washington extended a $20bn currency swap line to the government money aimed at stabilising financial volatility that would have undermined Milei's chances. The US treasury even intervened directly, buying more than a billion dollars of pesos to slow the currency's freefall
So, did you have any idea that Donald Trump has committed $20 billion of U.S. taxpayer funds to bail out Argentina's central bank? It's true! Though the details are scant, the idea is to prop up Argentina's collapsing currency and avert a financial crisis in the country through a currency swap. Now, although rare, it's not unheard of for the U.S. government to step into the finances of a foreign country under dire circumstances to safeguard American interests.