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April 11, 2024
William Upton
Economy
Politics

Biden Says Fed Will Cut Interest Rates by Year’s End, Raising Questions About Central Bank’s Independence.

President Joe Biden is standing by his prediction that the Federal Reserve will enact an interest rate cut before the end of the year. The President doubled down on the rate cut prediction despite a Consumer Price Index (CPI) print released on Wednesday suggesting that inflation was reaccelerating.

“Well, I do stand by my prediction that, before the year is out, there’ll be a rate cut,” Biden said during a Wednesday press conference with Japanese Prime Minister Fumio Kishida. The President suggested that the hot CPI report would only delay a rate cut by a month or two.

Biden’s comments raised renewed concerns about the political independence of the U.S. central bank in an election year. Many Democrats believe a Federal Reserve interest rate cut could juice the economy and boost President Biden’s re-election efforts. In a speech last week, Federal Reserve Chairman Jerome Powell insisted the central bank does not allow partisan considerations to impact their monetary policy decision.

“Fed policymakers serve long terms that are not synchronized with election cycles,” Powell said, adding: “Our decisions are not subject to reversal by other parts of the government, other than through legislation.” The central bank chief continued: “This independence both enables and requires us to make our monetary policy decisions without consideration of short-term political matters.”

Wednesday’s CPI data cast further doubt on whether the Federal Reserve will move to reduce interest rates in the United States in the near term. The central bank has maintained that it believes interest rates must remain elevated until inflation hits 2 percent — the CPI print indicates inflation currently sits at 3.5 percent compared to last year.

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19 minutes ago
Crime
News

Slovak Leader’s Would-Be Assassin Sentenced to 21 Years in Prison.

PULSE POINTS

❓WHAT HAPPENED: Juraj Cintula was sentenced to 21 years in prison after being found guilty of terrorism charges for shooting and seriously wounding Slovak Prime Minister Robert Fico in 2024.

👤WHO WAS INVOLVED: The attacker, Juraj Cintula, 72, and Slovak Prime Minister Robert Fico, 64.

📍WHEN & WHERE: The incident occurred in May 2024 in Handlová, Slovakia. The sentencing followed in 2025.

💬KEY QUOTE: “I decided to harm the health of the prime minister but I had no intention to kill anyone,” said Cintula during his trial.

🎯IMPACT: The attack and subsequent trial have deeply impacted Slovakia, raising tensions in the small EU and NATO-member country.

IN FULL

A 72-year-old man, Juraj Cintula, has been sentenced to 21 years in prison for terrorism after shooting and seriously injuring Slovak Prime Minister Robert Fico in May 2024. The attack took place in the town of Handlová, where Fico was meeting with supporters following a cabinet session. Cintula approached the prime minister at close range and fired five shots, hitting him in the abdomen, hip, hand, and foot.

Fico was rushed to the hospital in critical condition and underwent a five-hour emergency surgery. He survived and made a full recovery, reappearing in public several months later. During his trial, Cintula claimed he never intended to kill the prime minister but wanted to express his political frustration through violence. “I decided to harm the health of the prime minister but I had no intention to kill anyone,” he told the court, adding that he was relieved when he found out Fico had survived.

Judge Igor Králik, who presided over the case, emphasized that the crime was politically motivated and targeted at the state’s highest official. “The defendant did not attack a citizen, but specifically the prime minister. He was against the government, he was inciting people to overthrow the government,” Králik said. Although Cintula acted alone and had no ties to organized groups, the court ruled that his intention and method met the legal definition of terrorism. He has the right to appeal the verdict, though it is unclear whether he will.

The shooting has sent shockwaves throughout Slovakia, a European Union and NATO member state. Fico has long been a polarizing figure in Slovak politics, known for his nationalist and populist views, particularly his softer stance on Russia. After returning to power in 2023 for a fourth term, he halted military support for Ukraine and criticized what he described as Western interference in Slovak affairs.

Fico blames liberal opposition groups and media outlets in Slovakia for creating an atmosphere of hate that led to the attempt on his life. Hungarian Prime Minister Viktor Orbán, a close ally of Fico, condemned the attack, calling it a wake-up call for peace in Europe. “Today we must fight for peace alone,” he said.

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By Popular Demand.
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1 hour ago
News
War

White House Confirms No Plans for Trump-Putin Meeting in Near Future.

PULSE POINTS

❓WHAT HAPPENED: President Donald J. Trump will not meet with Russian President Vladimir Putin in the immediate future, despite earlier indications of a potential meeting in Budapest, Hungary.

👤WHO WAS INVOLVED: President Donald Trump, Russian President Vladimir Putin, Secretary of State Marco Rubio, and Russian Foreign Minister Sergey Lavrov.

📍WHEN & WHERE: The announcement was made on October 21, with prior discussions involving meetings in Budapest, Hungary, and Washington, D.C.

💬KEY QUOTE: “Secretary Rubio and Foreign Minister Lavrov had a productive call. Therefore, an additional in-person meeting between the Secretary and Foreign Minister is not necessary, and there are no plans for President Trump to meet with President Putin in the immediate future,” a senior White House official said.

🎯IMPACT: Trump had previously indicated on social media that the Budapest meeting would be the next step in his diplomatic efforts.

IN FULL

President Donald J. Trump will not meet with Russian President Vladimir Putin in the foreseeable future, a senior White House official confirmed Tuesday. The decision comes despite earlier suggestions from Trump that a summit in Budapest, Hungary, could help move toward ending the war in Ukraine.

The announcement follows a phone call earlier this week between U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov. The White House described the conversation as “productive,” and officials said it removed the need for any immediate in-person follow-up. “Therefore, an additional in-person meeting between the Secretary and Foreign Minister is not necessary, and there are no plans for President Trump to meet with President Putin in the immediate future,” the official stated.

Trump had previously indicated on social media that the Budapest meeting would be the next step in his diplomatic efforts. “President Putin and I will then meet in an agreed-upon location, Budapest, Hungary, to see if we can bring this ‘inglorious’ war, between Russia and Ukraine, to an end,” he wrote on October 16.

Last week, Trump hosted Ukrainian President Volodymyr Zelensky at the White House. Zelensky requested long-range Tomahawk missiles and other advanced military systems, which he believes are critical to striking Russia’s infrastructure. Trump has not made any public commitments to provide those weapons.

While the summit is now on hold, Trump emphasized his continued focus on peace efforts during a meeting with Republican lawmakers on Tuesday. “We’re working on number nine,” he said, referring to his broader push to resolve global conflicts. The administration has also proposed a trilateral summit including Trump, Putin, and Zelensky, and has pledged not to send U.S. troops to Ukraine under any peace agreement. In addition, the administration has authorized sharing intelligence with Ukraine on Russian energy infrastructure, a move aimed at helping Ukraine target Russia’s economic lifelines.

Meanwhile, a large fire broke out Monday night at Hungary’s Danube Refinery in Százhalombatta, just south of Budapest. The facility, which processes primarily Russian crude oil, is one of the few in the EU still heavily reliant on Russian energy imports. Firefighters contained the blaze, and no injuries were reported, but investigators are examining whether the incident was accidental or deliberate.

The timing of the fire, amid sensitive geopolitical negotiations and multiple recent disruptions at regional refineries, has raised concerns of potential sabotage, similar to what occurred at the Nord Stream 2 pipeline in 2022. Last month, a Ukrainian national was arrested in Poland following an arrest warrant issued by Germany.

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2 hours ago
Health

The FDA Withheld Reports on Tylenol Risks, Internal Documents Reveal.

PULSE POINTS

❓WHAT HAPPENED: Internal U.S. Food and Drug Administration (FDA) documents reveal the agency ignored its own safety experts’ advice to warn pregnant women about Tylenol for nearly a decade.

👤WHO WAS INVOLVED: FDA officials, scientists, Tylenol manufacturers, President Donald J. Trump, and Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.

📍WHEN & WHERE: Recommendations were made between 2014 and 2025.

🎯IMPACT: The FDA’s delay in issuing warnings has led to lawsuits, public confusion, and ongoing debates about Tylenol’s safety during pregnancy.

IN FULL

The U.S. Food and Drug Administration (FDA) withheld reports and memos containing repeated recommendations from its own drug safety experts to warn pregnant women about the potential risks of Tylenol, internal agency documents reveal. These recommendations were made across multiple reviews and memos between 2014 and 2022, yet the agency declined to update its guidance until September 2025, following public pressure from President Donald J. Trump and Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.

FDA scientists had reviewed numerous studies showing a potential association between Tylenol use during pregnancy and risks such as ADHD, neurological damage, and other developmental issues. Despite this, FDA leadership repeatedly delayed action, citing insufficient evidence and calling for further studies. A 2016 report by FDA Senior Medical Officer Andrew Mosholder recommended a nuanced warning to pregnant women, but the agency’s leadership postponed decisions, leaving its outdated 2015 statement unchanged for nearly a decade.

The documents obtained by Keller Postman LLC, a law firm pursuing a class-action lawsuit against Tylenol manufacturer Kenvue, show that internal FDA divisions supported issuing warnings as early as 2016. However, FDA officials, including longtime Center for Drug Evaluation and Research (CDER) Director Janet Woodcock, opted against taking immediate action. Woodcock has faced scrutiny for controversial decisions during her tenure, including delays in issuing warnings about other drugs and vaccines.

In November, the Court of Appeals for the Second Circuit will hear an appeal in a class-action lawsuit against Kenvue. The lawsuit alleges that Tylenol manufacturers failed to adequately inform consumers about potential risks, while FDA officials argue that existing evidence does not meet the threshold for causality. The agency’s 2023 review omitted recommendations entirely, further fueling controversy.

The National Pulse reported in September that social media posts by a now-defunct X (formerly Twitter) account belonging to Tylenol recommended multiple times against using acetaminophen, the active ingredient in Tylenol (paracetamol), during pregnancy, due to a potential link to autism.

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By Popular Demand.
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2 hours ago
News

‘No Kings’ Flyers Threaten Violent Uprising Unless SCOTUS and ICE Are Abolished.

PULSE POINTS

❓WHAT HAPPENED: A flyer distributed at the No Kings protest in Ann Arbor, Michigan, called for dismantling U.S. Immigration and Customs Enforcement (ICE), the Supreme Court, and other institutions. It warned of “disorder without parallel” if demands were not met.

👤WHO WAS INVOLVED: Protesters at the No Kings event, the Inter-Cooperative Council (ICC), and community activists.

📍WHEN & WHERE: Ann Arbor, Michigan, during the No Kings protest; training sessions are advertised to take place at the ICC Education Center.

💬KEY QUOTE: “In no uncertain terms, the following conditions must be met, or hostilities will continue, and they will escalate,” the activists warned.

🎯IMPACT: The flyers’ extreme demands and threats of escalation raise concerns about the potential for unrest and the implications for public safety.

IN FULL

Flyers distributed during a No Kings protest in Ann Arbor, Michigan, called for escalating unrest if extreme demands to abolish the Supreme Court and U.S. Immigration and Customs Enforcement (ICE) are not met. The document began with a threatening declaration: “Everything comes to a head. We draw up the terms. We arrange the time and the date. Your people. And our people. We have demands. In no uncertain terms, the following conditions must be met, or hostilities will continue, and they will escalate.” It concluded with a stark warning that if the demands are ignored, “disorder will be without parallel in modern times.”

The flyers called on millions to “rise up, block the streets, take over research centers, and raise the banner of FREE HEALTHCARE and MEDICAL AUTONOMY for everyone on U.S. soil,” presumably including illegal aliens. It also promoted resistance against federal law enforcement agencies, including ICE, Border Patrol, the Department of Homeland Security (DHS), and local police. Participants were urged to “destroy their infrastructure, discredit their operations, and overwhelm their personnel.”

Also targeting the nation’s judiciary, the flyer demanded that “angry mobs storm the Supreme Court, ABOLISHING IT outright,” and advocated for the replacement of centralized government authority with hyper-local leadership by “community elders, wayward youngsters, and those who earn trust in their communities continuously because of their care and humility, not appointed authority.”

In addition, the document also promoted a local organizing session, advertising a “Neighborhood anti-ICE Training” at the ICC Education Center in Ann Arbor. The center, operated by the Inter-Cooperative Council, is described as a student-led nonprofit promoting “safe spaces and inclusive communities.”

The protest’s messaging, especially the tone and scope of its demands, reflects increasingly militant rhetoric among leftist groups. Recent reports have highlighted a rising willingness among left-wing activists to embrace violence as a political tactic.

According to data and law enforcement assessments, federal agencies have begun tracking Antifa-related groups more closely, including under domestic terrorism protocols. In one case, Antifa-affiliated individuals were charged as terrorists following a sniper attack on an ICE facility.

On Monday, The National Pulse reported that a long-running Antifa website shut down, citing fears of increased federal scrutiny under the Trump administration.

Photo by Tim Sheerman-Chase.

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3 hours ago
News
World

Vance Pledges No U.S. Troops to be Deployed in Gaza During Israel Visit.

PULSE POINTS

❓WHAT HAPPENED: Vice President J.D. Vance reaffirmed that no American troops would be deployed to Gaza as Hamas tests the ceasefire agreement with Israel.

👤WHO WAS INVOLVED: Vice President J.D. Vance, President Donald J. Trump, Israeli leaders, and Hamas.

📍WHEN & WHERE: Tuesday, October 21, in southern Israel.

💬KEY QUOTE: “There are not going to be American boots on the ground in Gaza. The President of the United States has made that very clear.” – J.D. Vance

🎯IMPACT: The United States continues to act as a mediator in the region while avoiding direct military involvement in Gaza.

IN FULL

Vice President J.D. Vance on Tuesday reiterated that the United States will not deploy troops to Gaza, even as skirmishes test the limits of the ceasefire agreement between Israel and Hamas.

Speaking during a visit to southern Israel, Vance emphasized the U.S. commitment to diplomacy rather than military involvement. “I think it’s important for Americans to know a couple of things. Number one: there are not going to be American boots on the ground in Gaza,” he said during a press conference, adding: “The President of the United States has made that very clear. All of our military leadership has made that very clear.”

Vance also highlighted the United States’ ongoing role as the lead mediator in the region, working with key players such as Egypt, Turkey, the Gulf Arab states, and Israel. “The only real mediators are the United States of America. That’s the role that we’re going to play [that] I think the American people should be proud of,” he said.

The visit comes amid reports of limited clashes in Gaza following the ceasefire brokered by President Donald J. Trump earlier this month. According to the agreement, Israeli forces began withdrawing from key areas in Gaza, including Gaza City and Khan Younis, as part of the first phase of the deal. Despite weekend flare-ups, both Trump and Israeli officials confirmed that the ceasefire remains in place.

President Trump addressed the situation last week with a warning to Hamas, stating that continued violence would result in harsh retaliation. “We will have no choice but to go in and kill them,” Trump said. He later clarified that U.S. forces would not take part in any ground operations. “It’s not going to be us. We won’t have to. There are people very close, very nearby that will go in. They’ll do the trick very easily, but under our auspices,” he said.

Inside Gaza, Hamas is reportedly facing internal pressure and unrest, including accusations of executing suspected collaborators with Israel. Vance warned the group that failure to uphold the terms of the deal would have consequences. “We know that Hamas has to comply with the deal, and if Hamas doesn’t comply with the deal, very bad things are going to happen,” he said.

Vance also noted growing frustration among Arab nations toward Hamas, as the U.S. works with regional partners to recover the bodies of deceased hostages and begin reconstruction efforts in Gaza.

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By Popular Demand.
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4 hours ago
News

White House Says ‘Zero Truth’ to Report That Trump Plans to Grant Diddy Clemency.

PULSE POINTS

❓WHAT HAPPENED: The White House has denied a TMZ report claiming President Donald J. Trump may release Sean “Diddy” Combs from prison later this week.

👤WHO WAS INVOLVED: President Donald Trump, Sean “Diddy” Combs, and TMZ.

📍WHEN & WHERE: The report surfaced Monday, and the White House responded Tuesday.

💬KEY QUOTE: “There is zero truth to the TMZ report, which we would’ve gladly explained had they reached out before running their fake news.” – White House statement.

🎯IMPACT: The White House reiterated that the President is the sole authority on pardons and commutations, dismissing the TMZ report as false.

IN FULL

The White House is denying reports that President Donald J. Trump is considering commuting rapper and music producer Sean “Diddy” Combs’s prison sentence, calling the initial story published by the entertainment tabloid website, TMZ, a fabrication. “There is zero truth to the TMZ report, which we would’ve gladly explained had they reached out before running their fake news,” a White House official said in a statement issued on Tuesday.

“The President, not anonymous sources, is the final decider on pardons and commutations,” they added.

On Monday, TMZ—an entertainment industry tabloid owned by the Fox Corporation—published a story claiming to cite an anonymous high-ranking White House official who suggested Trump might commute Diddy’s sentence as early as this week. The story sparked a corporate press frenzy intended to fuel a public backlash against President Trump over the possible grant of clemency for Combs, who is currently serving a four-year and two-month prison sentence for two counts of transporting women for prostitution.

Notably, Combs has not yet filed a formal request for clemency with the Department of Justice (DOJ), though his attorneys have indicated they are considering it as a possible option.

When asked about pardons on October 6, President Trump said, “I have a lot of people who have asked me for pardons,” and mentioned, “I call him Puff Daddy has asked me.” Diddy has been a vocal critic of Trump, stating during the 2020 election, “White men like Trump need to be banished… We are in a war of love versus hate. The number one priority is to get Trump out of office.”

Photo by Nikeush.

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5 hours ago
Immigration
News

Trump Admin Set to Break Deportation Record in First Year: ‘Just the Beginning.’

PULSE POINTS

❓WHAT HAPPENED: Over 515,000 illegal aliens have been deported since President Donald J. Trump returned to the White House in January, with the administration on track to break deportation records.

👤WHO WAS INVOLVED: President Trump, Department of Homeland Security Secretary (DHS) Assistant Secretary Tricia McLaughlin, Homeland Security Secretary Kristi Noem, Border Czar Tom Homan, and U.S. Immigration Enforcement (ICE) officials.

📍WHEN & WHERE: Since January 20, across the United States.

💬KEY QUOTE: “This is just the beginning,” said DHS Assistant Secretary Tricia McLaughlin, adding, “Our agency was vilified and barred from doing its job for the last four years.”

🎯IMPACT: The administration has seen a significant reduction in illegal migration, with a 99.99 percent drop in crossings through Panama’s Darien Gap.

IN FULL

Since returning to the White House on January 20, 2025, President Donald J. Trump’s administration has ramped up immigration enforcement, resulting in over 515,000 deportations, according to the Department of Homeland Security (DHS). DHS Assistant Secretary Tricia McLaughlin said the administration is on track to reach 600,000 deportations by the end of the year, which would set a new record.

McLaughlin also revealed that more than two million illegal immigrants have left the United States since Trump took office, including 1.6 million who self-deported. Approximately 485,000 people have been arrested for immigration violations. “This is just the beginning,” McLaughlin said, crediting President Trump and Homeland Security Secretary Kristi Noem for restoring the agency’s ability to enforce immigration laws after what she described as years of restrictions. “Our agency was vilified and barred from doing its job for the last four years,” she added.

The administration’s efforts have extended beyond arrests and deportations. McLaughlin pointed to a significant decrease in illegal crossings along key migration routes, including a reported 99.99 percent drop in migration through the Darien Gap in Panama, a critical path for migrants headed to the United States. She said this is largely due to new policies and strong messaging that discourage would-be migrants from attempting to cross into the U.S. illegally.

Recent figures also show a sharp decline in the foreign-born population in the U.S., which has dropped by 2.2 million since January. This shift is attributed to a combination of increased deportations, tougher border enforcement, and a drop in illegal border crossings.

To support the expanded operations, the Trump administration opened a new deportation center at Angola Prison in Louisiana, a facility known for its high-security measures. This move is aimed at speeding up processing and removals of illegals, especially those with criminal convictions.

Over the weekend, DHS officials reported the arrest of several illegal immigrants with criminal records, including aliens convicted of child rape, kidnapping, assault, and drug trafficking. Arrests took place in multiple states, including Massachusetts, Alabama, New Jersey, North Carolina, and Wisconsin.

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5 hours ago
Politics

Fetterman Says He’ll Back a Senate GOP Move to Abolish the Filibuster.

PULSE POINTS

❓WHAT HAPPENED: Senator John Fetterman (D-PA) said on Tuesday that he would break with his fellow Democrats and back a potential Senate Republican effort to abolish the legislative filibuster to end the government shutdown.

👤WHO WAS INVOLVED: Sen. John Fetterman, Senate Republicans, and Senate Democrats.

📍WHEN & WHERE: Statements made on Tuesday during the third week of the government shutdown.

💬KEY QUOTE: “Carve it out for that, absolutely.” – Sen. Fetterman

🎯IMPACT: Fetterman’s stance could put momentum behind abolishing the filibuster despite some Senate Republicans being skeptical of the move.

IN FULL

Senator John Fetterman (D-PA) said Tuesday that he would support Senate Republicans using a filibuster carve-out to end the government shutdown. The comments come as the shutdown enters its third week, with funding for programs like the Supplemental Nutrition Assistance Program (SNAP) running low.

“There are no winners here. It’s not getting better every day here. People are going to start to get really hungry, and I’ve been fully, fully committed to fund SNAP, open up the government,” Fetterman said on Capitol Hill. He also highlighted the plight of U.S. Capitol Police officers who are not being paid during the shutdown.

When asked about supporting a Republican proposal to bypass the 60-vote threshold in the Senate and allow a simple-majority vote to pass the House’s funding measure, Fetterman responded positively to the idea. “Carve it out for that, absolutely,” he said, referring to a temporary filibuster carve-out.

Fetterman also remarked on the broader implications of the filibuster, stating, “We ran on that. We ran on killing the filibuster, and now we love it. Carve it out so we can move on. I support it because it makes it more difficult to shut the government down in the future, and that’s where it’s entirely appropriate.”

He criticized Democrats who have shifted their stance on the filibuster, adding, “I don’t want to hear any Democrat clutching their pearls about the filibuster. We all ran on it.”

Image by Tom Wolf.

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6 hours ago
Breaking

John Brennan Criminally Referred to DOJ for Lying to Congress.

PULSE POINTS

❓WHAT HAPPENED: The House Judiciary Committee has referred former Central Intelligence Agency (CIA) director John Brennan to the Department of Justice (DOJ) for criminal prosecution over allegations of knowingly making false statements to Congress about the Russia collusion hoax.

👤WHO WAS INVOLVED: Former CIA Director John Brennan, House Judiciary Committee Chair Jim Jordan (R-OH), and the Department of Justice.

📍WHEN & WHERE: Brennan’s testimony occurred on May 11, 2023, before the House Judiciary Committee; the referral was made public this week.

💬KEY QUOTE: “Making false statements before Congress is a crime that undermines the integrity of the Committee’s constitutional duty to conduct oversight.” – Jim Jordan

🎯IMPACT: The referral highlights concerns about the integrity of Brennan’s testimony.

IN FULL

The House Judiciary Committee has officially referred former Central Intelligence Agency (CIA) Director John Brennan to the Department of Justice. (DOJ) for criminal prosecution. The referral alleges that Brennan knowingly made false statements to Congress during his testimony on May 11, 2023, regarding the Russia collusion investigation.

In a letter to U.S. Attorney General Pam Bondi, House Judiciary Committee Chair Jim Jordan (R-OH) wrote, “We write to refer significant evidence that former Director of the Central Intelligence Agency (CIA) John Brennan knowingly made false statements during his transcribed interview before the Committee on the Judiciary on May 11, 2023.”

Jordan stressed, “Making false statements before Congress is a crime that undermines the integrity of the Committee’s constitutional duty to conduct oversight.”

The letter outlined several instances where Brennan allegedly provided false testimony, including his statements regarding the CIA’s role in developing the 2017 Intelligence Community Assessment (ICA). The ICA had promoted the now-debunked claim that Russia favored Donald J. Trump in the 2016 election.

Jordan stated, “This conclusion—now known to be false—was based in part on the Steele dossier.” He further noted that the dossier was funded by the Clinton campaign and the Democratic National Committee (DNC) through intermediaries, including Perkins Coie and Fusion GPS. Declassified documents from the Trump Administration revealed that the Obama Administration knowingly pushed false findings in the ICA.

Contrary to Brennan’s testimony, which claimed that “the CIA was very much opposed to having any reference or inclusion of the Steele dossier in the Intelligence Community Assessment,” Jordan’s letter highlighted records showing Brennan himself advocated for its inclusion. Jordan concluded, “In sum, Brennan’s testimony before the Committee on May 11, 2023, was a brazen attempt to knowingly and willfully testify falsely and fictitiously to material facts.”

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6 hours ago
Economy
World

Trump Admin Signs $20 Billion Deal to Stabilize Argentina.

PULSE POINTS

❓WHAT HAPPENED: The U.S. signed an “economic stabilization agreement” with Argentina’s central bank, involving a $20 billion currency swap.

👤WHO WAS INVOLVED: Treasury Secretary Scott Bessent, President Donald J. Trump, and Argentina’s President Javier Milei.

📍WHEN & WHERE: Announced Tuesday, October 21, 2025, in the United States and Argentina.

💬KEY QUOTE: “We do not want another failed state in Latin America, and a strong, stable Argentina as a good neighbor is explicitly in the strategic interest of the United States.” – Secretary Bessent

🎯IMPACT: The agreement aims to stabilize Argentina’s currency and economy, heading off a potential broader regional economic crisis.

IN FULL

On Tuesday, U.S. Treasury Secretary Scott Bessent confirmed that the Trump administration has entered into an “economic stabilization agreement” with Argentina’s central bank. The agreement is a key element of President Donald J. Trump’s effort to aid Argentina with a multibillion-dollar rescue plan.

The agreement, announced by Argentina’s central bank on Monday, involves a $20 billion currency swap designed to support the Argentine peso, as the nation approaches important midterm elections. These elections are crucial for the political future of President Javier Milei, a key South American ally of the Trump administration.

Earlier this month, President Trump and Secretary Bessent pledged substantial support to stabilize Argentina’s economy and currency. The Treasury Department has already taken steps to purchase Argentine pesos directly as part of this effort.

Despite criticism from Democrats and some conservatives who view the aid as a bailout for a foreign nation, Bessent stated, “Argentina now has the opportunity to embrace economic freedom, and our stabilization agreement is a bridge to a better economic future for Argentina, not a bailout.” He emphasized the strategic importance of a stable Argentina for the United States.

“We do not want another failed state in Latin America, and a strong, stable Argentina as a good neighbor is explicitly in the strategic interest of the United States,” Bessent added. Without American fiscal support, the Argentine currency crisis has the potential to spread across Latin America, throwing the region into economic turmoil—a strategic concern for the Trump White House.

In addition to the currency swap, Bessent is working on securing an additional $20 billion in financing from private lenders or sovereign wealth funds—though this financing plan has not yet been finalized.

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