SlateStone Wealth Chief Market Strategist Kenny Polcari discusses Argentina’s currency crisis as President Donald Trump offers a financial lifestyle in a ‘big money show.’
Treasury Secretary Scott Bessent hit back at Sen. Elizabeth Warren, D-Mass.
Bessent’s response came after Warren issued a letter expressing concern and asking for answers as to why the Trump administration is continuing to provide Argentina with a lifetime financial life as its economy is struggling, which began on Octwordow 1.
“We are compelled to prioritize the critical efforts necessary to carry out the President’s constitutional duties – including national security and financial stability,” Sessent said in a letter, “said Sessent in a letter, available through Fox News Digital and sent to Warren on Tuesday.
Trump is using the government shutdown to do something no president has ever done
Treasury Secretary Scott Bessent hit back at Sen. Elizabeth Warren, D-Mass. (Andrew Harnik/Getty Images/Getty Images)
Bessent then accused Warren of showing “deviant views,” referring to the former president of Argentina, Juan Perón, and Peronism, the view that the government should have control over the country’s economy, according to the state department’s office.
“It’s no small surprise – given your peronist views on Central Government and freedom – that this kind of action causes great concern,” said Sessent.
CNN wrote a letter.
Warren fired back at Bessent on Wednesday and said Trump was more focused on helping an “agricultural partner” than dealing with US problems during the shutdown.
In the end, President Trump does not seem to have the desire to deal with any of the problems of our country that are treading on ‘the most critical,’ “said Warren in a new letter on Wednesday. “Instead, during the shutdown of the government, his administration is working to make direct purchases of foreign currency – billionaires, and big tile funds and big American expenses and expenses are missing Paychecks and facing expenses increasing basic needs.”
Trump directs the hegs to pay the troops during the ongoing government shutdown as he goes through Schamer
Sen. Elizabeth Warren, D-Mass. (Al Dragon/Bloomberg via Getty Images/Getty Images)
Warren, the top Democrat on the Senate Banking, Housing and Urban Affairs Committee, introduced the Argentine bailout bill in October. The measure could be written in the Trump Administration by using the Investor Development Fund to try to exchange the department, which provides funds to foreign governments, to help Argentina.
Warren’s office did not immediately respond to a request for comment from Fox News Digital.
Bessent announced on Oct. 9 that the Ministry of Finance will enter into a currency exchange agreement with the central bank of Argentina.
The move was made in an attempt to strengthen the peso by exchanging it for US dollars, and it means money for US telecommunications mail ”
Since then, BessENT has provided Argentina with a share of $ 20 billion in financing, using sovereign funds and those from private banks.
Here’s what Trump wants to do to reopen the federal government during the shutdown
President Donald Trump greets Argentine President Javier Milei as he arrives in the West Wing of the White House Oct. 14, 2025, Washington. (Kevin Dietsch/Getty Images/Getty Images)
“We are working on an institution of 20 thousand that will use our line of exchange, with private banks and sovereign funds, I believe, it will be more focused on the credit market,” said Oct. 16.
President Donald Trump and President Javier Millei of Argentina have had a warm relationship since Trump took office. For example, Milei was the first foreign head of state to visit Trump following the 2024 election.
The Associated Press and Fox News’ Amanda Macias contributed to this report.
