US Turns Small Peso Profit From Big Bet on Argentine Elections

The US government has reported a small profit from its financial intervention in Argentina's 2019 presidential election. According to President Donald Trump, the US made "a lot of money" by supporting Argentina's government during the election period, which saw the center-left Peronist candidate Alberto Fernández defeat the incumbent, Mauricio Macri. The US had provided financial assistance to Argentina in 2018 to help the country's struggling economy. This intervention was seen as a way to support Macri, who was viewed as more favorable to US interests. However, Fernández's victory led to concerns about the future of US-Argentina relations. Despite the change in leadership, the US has managed to recoup its investment and make a modest profit. The exact figures have not been disclosed, but Trump has claimed that the US made "a lot of money" from the bailout, suggesting that the financial intervention was ultimately a successful strategic move for the US government.