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The treasury secretary ended the post with a fiery postscript, bashing the Biden administration's "autopenned efforts to bankrupt the US government."
"P.S. I am happy to inform you both that the Argentine economic bridge has now turned a profit for the American people," Bessent wrote. "While ‘profit’ is a private sector word that you may both be unfamiliar with, I would urge you to look past your previous experience working alongside the Biden Administration’s autopenned efforts to bankrupt the US government."
How much profit? I would appreciate a brief explanation. I did not find any in the linked article.
I was wondering what the mechanics of a swap line are, and in this particular case, what the profit is.
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