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Boosted by Trump Extortion Threat Over US Bailout Funds, Milei Nabs Win in Argentina Midterms
"He was a big victor, and he had a lot of help from us," the president boasted.
Oct 27, 2025
President Donald Trump on Monday took credit after his political ally, Argentine President Javier Milei, scored a major victory in his country's midterm elections following Trump's decision to bail out the South American country's struggling economy.
According to BBC, Milei's La Libertad Avanza party on Sunday won 41% of the vote, helping it secure more than half of contested Senate seats and just under half of contested lower-house seats.
While speaking to reporters aboard Air Force One, Trump boasted of his administration's efforts to help Milei secure a victory that will help him push through his radical right-wing austerity agenda that had previously been kept in check by opposition parties, which had overturned his vetos on laws that aimed to increase funding for state universities, people with disabilities, and children's healthcare.
"He was a big victor, and he had a lot of help from us," Trump said, referring to Milei. "He had a lot of help. I gave him an endorsement, a very strong endorsement."
Trump: "In Argentina, I want to congratulate the victor. And he had a lot of help from us." pic.twitter.com/vG3pamNuEe
— Aaron Rupar (@atrupar) October 27, 2025
The Trump administration last month initiated a $20 billion bailout for Argentina intended to stabilize the country’s currency, which has seen its value plummet to dangerous lows over the last several months. In addition, Trump and Treasury Secretary Scott Bessent have orchestrated another $20 billion bailout with private funds to support the nation’s beleaguered economy.
The bailouts have come as Trump has refused to use emergency funds to ensure that Americans who rely on food assistance can feed their families next month, as the Supplemental Nutrition Assistance Program is set to go unfunded due to the US government shutdown.
Trump emphasized that the bailout was entirely contingent on Milei's political success in the midterm elections, and that it would be rescinded if his party fared poorly.
"If he loses, we're not going to be generous with Argentina," Trump said earlier this month.
“If he loses, we will not be generous with Argentina.”
- Trump warns Argentina’s voters that U.S. financial backing, now at $20b and potentially rising to $40b, depends on Milei’s party’s performance in the upcoming midterm elections @atrupar pic.twitter.com/zpuiFuuYWi
— The Intellectualist (@highbrow_nobrow) October 16, 2025
Milei's political future appeared much more tenuous just one month ago, when his party lost Buenos Aires provincial elections in what some political observers believed were an ill omen for this month's midterms. Milei had also been rocked corruption scandals, including an alleged bribery scheme involving his sister, Karina Milei.
Matt Stoller, researcher at the American Economic Liberties Project, directly linked Trump's coercion campaign to Milei's political success.
"It turns out that Argentine voters would prefer Trump give them dollars for free than have another financial crisis," he wrote on X. "Six weeks ago, Milei lost Buenos Aires by 14%. Today he won it. I wonder what changed."
Stoller rejected a Wall Street Journal analysis claiming Argentinian voters, who are struggling with high unemployment numbers and surging prices on essentials, embraced "a free-market revolution" by voting for Milei.
"The reason for a massive swing to Milei in six weeks was Trump's offer of free dollars vs. the prospect of economic collapse," he said. "Nothing to do with free markets. A blatant lie."
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Sanders Rips Trump for Finding '$40 Billion to Bail Out Argentina' While Cutting Off Food Aid in US
"How cruel is that?" asked US Sen. Bernie Sanders.
Oct 27, 2025
US Sen. Bernie Sanders on Sunday condemned President Donald Trump for pursuing a $40 billion bailout of Argentina while unlawfully declining to use contingency reserves to pay out federal food aid to Americans during the ongoing government shutdown.
"During the shutdown, Trump could find $40 billion to bail out Argentina and $300 million for a ballroom to host dinner parties with billionaires, but he won't tap emergency funds to prevent millions of American kids from going hungry?" Sanders (I-Vt.) wrote on social media. "How cruel is that?"
Sanders' message came as Argentine voters headed to the polls in national midterm elections that delivered a major victory to far-right President Javier Milei, whose party won roughly 40% of the vote against around 32% for the opposition party.
The result is expected to insulate Milei, a close ally of Trump, from legislative veto overrides and enable him to continue pursuing economic shock therapy, which has so far included sweeping attacks on pensioners, public health, and more.
The election win is also expected to secure Trump's continued support for a $40 billion bailout package—a combination of private-sector financing and a $20 billion currency swap—for Argentina, the International Monetary Fund's largest debtor. Ahead of Sunday's elections, Trump indicated that he would have pulled support for the bailout if Milei's party had performed badly.
"If he loses, we are not going to be generous with Argentina," Trump said of Milei. "If he wins, we're staying with him. If he doesn't, we're gone."
Rohit Chopra, former director of the US Consumer Financial Protection Bureau, said in a statement Sunday that the Trump administration's bailout package for Argentina "was explicitly designed to influence the outcome of today's election" and urged Congress to act—which is unlikely, given Republican control.
"Congress should take a vote and block further bailout funds from flowing to Argentina," said Chopra. "The Trump administration should focus on reducing the cost of living for Americans, rather than pouring billions into Argentina."
"This is perhaps the most cruel and unlawful offense the Trump administration has perpetrated yet."
The Argentine election was held days after the Trump administration announced it would not use emergency funds to continue paying out Supplemental Nutrition Assistance Program (SNAP) benefits next month, imperiling food aid for more than 40 million Americans.
SNAP costs the federal government approximately $8 billion per month, a fraction of the $40 billion that the Trump administration has committed to Argentina.
Sharon Parrott, president of the Center on Budget and Policy Priorities, noted that the Trump administration is flouting the law by refusing to tap the emergency funds for nutrition assistance.
"The administration itself admits these reserves are available for use," said Parrott. "It could have, and should have, taken steps weeks ago to be ready to use these funds. Instead, it may choose not to use them in an effort to gain political advantage."
US Reps. Angie Craig (D-Minn.) and Rosa DeLauro (D-Conn.) said in a statement that "this is perhaps the most cruel and unlawful offense the Trump administration has perpetrated yet—freezing funding already enacted into law to feed hungry Americans while he shovels tens of billions of dollars out the door to Argentina and into his ballroom."
"The president, his agriculture secretary, and his budget director need to stop playing politics with Americans struggling to afford food and release the SNAP funds that Democrats and Republicans in the House and Senate overwhelmingly voted to provide," they added.
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Citing 'Bleak' Agricultural Economy, GOP Lawmakers Warn Trump Against Plan to Buy Argentine Beef
One GOP senator said the plan "looks like a betrayal of America first principles."
Oct 21, 2025
President Donald Trump has upset some of his own supporters in the American heartland with his proposal to reduce the cost of beef for US consumers by importing more of it from Argentina—and now members of his own party are calling him out.
One day after US ranchers, industry associations, and farmer advocacy groups panned Trump's proposal to buy more Argentine beef, GOP lawmakers who represent farm states are warning the president that his plan will cause a backlash among the very people who helped elect him last year.
Sen. Deb Fischer (R-Neb.) on Tuesday morning took to social media to give Trump a blunt message about the impact his policies are having on her state.
"Since hearing the president’s comments suggesting the US would buy beef from Argentina, I’ve been in touch with his administration and my colleagues to seek clarity and express my deep concerns," she wrote on X. "I’ve also been sounding the alarm on the bleak state of our agricultural economy and the negative impacts facing Nebraska’s agricultural industry—the economic driver of our state."
Fischer emphasized that the US produces "safe, reliable" beef that "is the one bright spot in our struggling agricultural economy" at the moment.
Fischer is far from the only Republican to raise major objections to Trump's plan, as Politico reported on Tuesday that "farm-state Republicans on Capitol Hill are privately and publicly livid" about it and have been making "a flurry of calls to Trump officials to get more clarity and warn about the fallout for farmers already reeling from the president’s broad tariffs."
One anonymous GOP senator told Politico that the Trump plan "looks like a betrayal of America first principles." Sen. Jodi Ernst (R-Iowa) had a more accommodating response, telling Politico that "we should always put America first, and I’m sure the president will be willing to work on this."
US Agriculture Secretary Brooke Rollins on Tuesday appeared to downplay the amount of beef Trump wanted to import from Argentina during an interview on CNBC.
"The president has said he's in discussions with Argentina, I think we'll be hearing more about that in the next day or two," she said. "But... it will not be very much. Argentina is also facing a foot and mouth disease issue, which we at [the US Department of Agriculture] have to ensure that our livestock industry is secure... Foot and mouth is a challenge."
CNBC: Is importing beef from Argentina a possibility?
BROOKE ROLLINS: Yes, the president has said he's in discussions with Argentina. It will not be very much. Argentina is also facing a foot and mouth disease issue. pic.twitter.com/UZiUpjpMAS
— Aaron Rupar (@atrupar) October 21, 2025
Trump's comments on buying more beef from Argentina came as his administration has initiated a $20 billion bailout for Argentina intended to stabilize the country's currency, which has seen its value plummet to dangerous lows over the last several months. In addition, Trump and Treasury Secretary Scott Bessent have orchestrated another $20 billion in private bailout funds to backstop the nation's beleaguered economy.
Argentina President Javier Milei, a right-wing libertarian and political ally of Trump, has been lobbying the administration for economic assistance ahead of crucial midterm elections that are scheduled for October 26.
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