With just a few days before a crucial midterm election in Argentina, skepticism is growing that Scott Bessent can pull off the second half of his $40 billion rescue package.
The US Treasury has been floating a $20 billion financing deal involving banks, including JPMorgan Chase & Co., Bank of America Corp. Goldman Sachs Group Inc. and Citigroup Inc., according to people familiar with the matter. But key details such as the debt’s terms, structure and collateral remain unaddressed, leading to increasing doubt that such a complicated and large deal can be pulled together in a matter of days, the people said, asking not to be identified discussing private information.
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