Trump Treasury Sec Reveals Argentina Bailout Is Actually Twice as Big

One day after Donald Trump celebrated a multibillion-dollar bailout for Argentina, his administration moved to double the ante.

Treasury Secretary Scott Bessent told reporters at the Treasury building Wednesday that the United States is “working on a $20 billion facility that would be adjacent” to the $20 billion credit swap line Trump already approved, totaling $40 billion in assistance for the economically fragile South American country.

“Many banks are interested in it, and many sovereign funds,” Bessent said. “It is a private-sector solution to Argentina’s upcoming debt payments.”

The aid is intended to salvage Argentina’s collapsing economy ahead of the country’s October 26 midterm elections. That vote will determine if Argentine President Javier Milei, one of Trump’s international allies, will maintain the ability to pursue his dramatic cost-cutting agenda.

But there’s another notable beneficiary of the Trump admin’s Argentina bailout package: major hedge funds led by Bessent’s friends. Several major investment funds, including BlackRock, Fidelity, and Pimco, stand to significantly gain from the aid transfer, as do several independent investors with ties to Bessent, The New York Times reported earlier this month.

Bessent described the exchange Wednesday as an “economic Monroe Doctrine,” referring to the 1823 policy that rejected European intervention and colonialism in the Western hemisphere.

“Much better to use the heft of the U.S. economic power rather than have to use military power,” Bessent continued, comparing the situation to the supposed “narco traffic coming out of Venezuela.”

But the White House’s planned Argentina bailout is remarkably hypocritical for an administration that has axed critical executive agencies under the auspice of slashing spending.

Stateside, the government is still shut down over how to fund Trump’s “big, beautiful” budget, which included cuts of billions from Obamacare subsidies and Medicaid—a shutdown that Bessent himself claimed Wednesday was costing America “$15 billion a day.”

And the U.S. will likely need a bailout of its own very soon. American soybean farmers have been pummeled by Trump’s tariff policies, which have ripped the Chinese market from their grasp. However, after it came to light that Argentina had replaced the U.S. as China’s top soybean supplier, Treasury Secretary Scott Bessent told CNBC that the anticipated Argentina-bound cash infusion had morphed into a “credit swap line.”

House Speaker Mike Johnson suggested that harassment, assault, and stolen valor allegations against Republican Representative Cory Mills are not “serious” matters of discussion at a Wednesday press conference.

A Florida judge on Tuesday issued a restraining order against Mills, after his ex-girlfriend alleged that he had threatened to blackmail her using sexually explicit images of her and to commit violence against her future romantic partners.

Johnson bristled at reporters after being asked twice about the matter.

Responding to a question from NBC News’s Melanie Zanona, Johnson initially claimed to have “not heard or looked into the details of that.”

NOTUS’s Reese Gorman followed up, noting additional scandals—two out of a bevy of others—that Mills has faced, i.e., a different woman once accused him of assaulting her at his apartment, which she since recanted, and Mills, an Army veteran, has also been accused of stolen valor, including by military veterans who served alongside him.

“Are you concerned about these allegations?” Gorman asked. Johnson told him to ask Mills, whom he called “a faithful colleague,” before pleading ignorance of the allegations.

“Let’s talk about things that are really serious,” said the speaker, growing cross, before taking another question.

Federal agents arrested a Portland mother who was playing the “Ghostbusters” theme song on her clarinet at a protest outside an ICE facility.

Oriana Korol, 38, is a member of the Unpresidented Brass Band, which calls itself a “social action oriented, horn driven marching band,” and seeks to deescalate protest tensions. In a video of her arrest from Sunday, a federal agent can be seen violently dragging Korol to the ground, as two more agents come to his aid and her clarinet falls out of her hands.

She has been in Clark County Jail in Vancouver, Washington, since, and is still being held without bail.

“Out of the corner of my eye, I saw someone running, and then a federal officer running after them. By the time I turned around, this person had been tackled to the ground, and there was an officer on top of them,” said Mike Thompson, Korol’s bandleader. “This was happening right at Oriana’s feet. And she was kind of, they were kind of pinned against a fence,” he said.

Korol’s husband didn’t know she’d been transported across state lines until 2 a.m. the next morning.

“It is a beautiful party atmosphere. Everybody’s really excited. Then the band hits into ‘Ghostbusters,’ and then at ‘Ghostbusters,’ that’s when ICE start storming in,” Korol’s husband told KOIN 6. “Why are they targeting a clarinet player? A clarinet player standing on the sidewalk far away from the street, following instructions.

“We’re not seeing her. We don’t know when we’re going to see her again,” he added, referring to himself and their 3-year-old child.

This arrest is yet another example of the excessive, indiscriminate, and in some instances unlawful actions that the federal agents who’ve flooded American cities in the past few months have taken. On Tuesday, federal agents in Chicago violated a freshly minted temporary restraining order banning them from tear-gassing civilians, also gassing local police officers in the process.

The Portland Mutual Aid Network has called for Korol’s release, urging supporters to call the Clark County Jail.

“Oriana Korol was peacefully protesting ICE on 10/12 and was illegally detained by ICE and DHS,” their statement reads. “She is the clarinet player for Unpresidented Brass Band, and was playing music for protestors. Protesting for immigrants is not a crime!”

Republicans are rushing to recast upcoming protests against President Donald Trump as anti-American rallies that are somehow prolonging the government shutdown.

During an interview on CNBC Wednesday, Treasury Secretary Scott Bessent blamed the Democrats for a lack of movement on reopening the federal government, claiming that they were waiting to move until after the “No Kings Day” rally planned for October 18 opposing the administration’s authoritarian tilt.

“There’s a thought out there that they’re at least waiting to get this crazy ‘No Kings’ rally this weekend, which is gonna be the farthest left, the hardest-core, the most unhinged in the Democratic Party which is, you know, a big title,” Bessent claimed.

“You know, no kings equal no paychecks,” he added.

During a propaganda press conference later Wednesday, House Speaker Mike Johnson framed the upcoming “No Kings Day” as a “Hate America rally.”

“Let’s see who shows up for that,” Johnson said. “I bet you see pro-Hamas supporters. I bet you see antifa types. I bet you see the Marxists in full display. The people who don’t want to stand and defend the foundational truths of this republic, and that’s what we’re here doing every single day.”

Other Republicans were quick to join Johnson, with Representatives Steve Scalise and Lisa McClain also referring to the protest as the “Hate America rally.”

Johnson started the trend of villainizing constitutionally protected protest last week when he inexplicably claimed that the “No Kings Day” demonstration was somehow to blame for the government shutdown. “It’s being told to us that they won’t be able to reopen the government until after that rally, ’cuz they can’t face their rabid base,” Johnson said of Democrats at the time.

For the past three weeks, GOP lawmakers have been phoning in that whole defending-the-Republic thing, ever since Johnson sent them home amid the ongoing government shutdown. It seems clear that it’s Republicans who have refused to negotiate with Democrats—not the other way around.

Crucially, Republicans are blatantly mischaracterizing the attendees of the nationwide “No Kings” rally, in an attempt to criminalize dissent against Trump. These protests, which have been recurring since the beginning of the second Trump administration, have been notably tame, reportedly populated by older, liberal white people who love America but hate Trump’s policies. The temperate collective action would likely not be left enough for anyone who was ostensibly anti-fascist. Republicans’ outlandish predictions for who is likely to attend are simply setting the stage for law enforcement crackdowns on protesters’ First Amendment rights.

The speaker’s suggestion that protesting the government is un-American is particularly disturbing, as it is not only a historically American activity, but also a foundational right supported by the U.S. Constitution—a right that Republicans such as Johnson seem to care about less and less everyday.

The largest political advertisement spender of the year is: you, the U.S. taxpayer.

While the rest of the Trump administration hatchets away at the federal budget, the Department of Homeland Security has gone on a spending spree to heap praise on Donald Trump. The agency has so far spent at least $51 million in 2025 on a sprawling ad campaign warning undocumented immigrants to either exit the country or be “hunted down.”

Fox News bought the bulk of the ad spots, airing $9 million worth of content, Axios reported Wednesday. America’s morning shows saw the most program-specific spending, with Today, CBS Morning, and Good Morning America leading the pack.

Over the course of the last month, viewers of three programs consumed the most DHS advertising: the Mexican soccer league (Fútbol: Liga MX), Fox’s The Five, and Univision’s Despierta America.

But the campaign has also had a digital arm targeting social media users. The ads have specifically targeted Spanish speakers and users who like Mexican pop music, Latin music, the Mexican Grand Prix, Latin cuisine, and the Mexican national soccer team, according to Meta ad library data obtained by Axios.

Almost all the adverts feature DHS Secretary Kristi Noem. Directly facing the camera, Noem suggests that undocumented immigrants are “violent criminals” flooding American cities with drugs, and accuses the Biden administration of taking a weak stance on border crossings. (Joe Biden increased border enforcement across the board and arrested an “unprecedented” number of immigrants that crossed illegally, according to the libertarian think tank Cato Institute.)

One detail is consistent across all the DHS adspots: unmitigated applause for the current president’s agenda.

“Strong borders mean a stronger America. President Trump is making America safe again,” Noem says at the end of one advert.

Compare that to DHS’s last ad campaign under the Biden administration: a series of billboards in Texas that read a person “in immigration custody has rights.” That campaign cost $150,000, and did not feature President Joe Biden or former DHS Secretary Alejandro Mayorkas.