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Argentina's President Javier Milei is set for crucial talks with US President Donald Trump, with the US considering financial aid to bolster Argentina's struggling economy. Treasury Secretary Scott Bessent stated that all options are on the table, including direct peso purchases or buying Argentine debt. This follows recent market turmoil and a weaker-than-expected election result for Milei's party. The peso rallied following Bessent's statement, but concerns remain. Milei, a close Trump ally, hopes US aid will prevent a financial crisis before October's midterm elections. The IMF also expressed support for the US's actions.

Prepared by Lauren Mitchell and reviewed by editorial team.