Why Trump is bailing out Argentina for $20 billion

About this episode

<p>President Trump met with President Javier Milei of Argentina at the White House to discuss the details of a $20 billion bailout for the financially ailing country. <a href="https://apple.news/AX70SwxPNTbagJqlGZgQWTg">Bloomberg</a> reports that the lifeline hinges on upcoming elections there. Buenos Aires–based journalist Natalie Alcoba joins to discuss the deal and Milei's waning support at home.</p> <p>New tariffs on timber and <a href="https://apple.news/AIQzbAgKjRrin_QK34bH2mA" rel="noopener noreferrer" target="_blank">furniture</a> took effect this week. <a href="https://www.cnn.com/2025/10/14/business/imf-trump-us-tariffs-global-economy-intl">CNN</a>&rsquo;s Matt Egan breaks down how the industry is reacting and what it could all ultimately mean for consumers.</p> <p>A California man who won a massive Powerball jackpot is using his winnings to buy burned real estate in fire-ravaged Altadena. The <a href="https://apple.news/AMmn3F3WgQQqysfc93zfPuA">Wall Street Journal</a>&rsquo;s Rebecca Picciotto explains his plans for helping rebuild the community.</p> <p>Plus, why <a href="https://apple.news/AkY1HaOxwR2euPkE3UhJ6EA">tensions</a> are rising days into the Israel-Hamas ceasefire, U.S. forces <a href="https://apple.news/AfxXEtZRRR_OpxRF90v0I1w">destroyed</a> another boat off the Venezuelan coast, and how the world&rsquo;s <a href="https://apple.news/A__jWIaXqS96UCtAjDuBByQ">worst</a> men&rsquo;s soccer team might make the World Cup.</p> <p>Today&rsquo;s episode was hosted by Shumita Basu.</p>