Free Republic

WASHINGTON (AP) — The Trump administration is looking to provide an additional $20 billion in financing for Argentina through a mix of financing from sovereign funds and the private sector.That would come on top of the $20 billion credit swap line that the U.S. Treasury pledged to Argentine President Javier Milei and his government this month to bolster the South American nation's collapsing currency.“We are working on a $20 billion facility that would complement our swap line, with private banks and sovereign funds that, I believe, would be more focused on the debt market,” Treasury Secretary Scott Bessent told reporters...

Pied Piper Pitt has returned to DUmmieland in an act of overlong "penitence" that is deeply in need of a Cliff Notes version. In case you're curious about the reference to Canossa in the title, let me explain. In the year 1077, Pope Gregory VII excommuninicated the Holy Roman Emperor Henry IV for appointing his own Bishop in Germany. As a result, Henry IV's noblemen refused to obey him unless the excommunication were lifted. Therefore Henry IV appeared outside the gates of the castle of Canossa where the Pope was staying in the most famous act of penitence in...