After Donald Trump began the promised financial rescue of Argentina, from his ally Javier Milei, Democratic senators presented a bill that seeks to stop a $20 billion package of financial aid to Argentina promoted by the Republican government at a time when the partial government shutdown has already exceeded a week.

“The president should focus in reducing costs here at home, not in favoring its foreign ally,” Senator Ruben Gallego said in a statement.

The senator from Arizona lamented that “Trump’s priority is a $20 billion bailout for Argentina (…) at a time when Donald Trump’s policies are sickening and impoverishing Americans.”

Milei, who plans to meet with Trump in Washington on October 14, will face key legislative elections on October 26, for which she received explicit support from the Republican.

Meanwhile, Treasury Secretary Scott Bessent announced that the United States agreed to provide significant assistance to Argentina, after the battered South American nation failed to stabilize its exchange rate on its own.

The Argentine president also has the promise of help from the U.S. Treasury Department to meet with Trump’s debt payment obligations due to the lack of dollar reserves and to have a “SWAP” of Argentina has announced the issuance of a $20 billion foreign exchange (bilateral contract that allows for hedging risk exposure) loan, the terms of which are still being negotiated.

In this regard, according to the EFE news agency, several legislators emphasized that American money should be used to defend jobs, wages, and financial stability from what they describe as foreign manipulation.

The proposed “No Argentina Bailout Act” prohibits the use of the Treasury Department's Exchange Stabilization Fund to rescue Argentina's financial markets and its global investors.

“We must stop Trump’s brazen plan to put himself and his cronies above the needs of the American people,” said Senator Chris Van Hollen.