The US is prepared to assist Argentina in stabilizing its escalating financial turmoil, with Treasury Secretary Scott Bessent indicating that "all options for stabilization are on the table." This announcement aims to calm markets rattled by recent election losses affecting President Javier Milei's economic agenda.

• US Treasury Secretary Scott Bessent stated the US is "ready to do what is needed" for Argentina's financial stability.
• The US is considering support options including purchases of Argentine pesos and dollar-denominated government debt.
• Argentina's President Javier Milei expressed "enormous gratitude" for the US's pledge, which helped boost Argentine stocks and dollar-denominated debt.
• The Argentine peso's value has been plunging, and the central bank spent $1.1 billion of its reserves last week to support it.
• More details are expected after President Donald Trump meets with Milei in New York.