The obscure pool of money the US used to bail out Argentina

Planet Money discusses the U.S. Treasury Secretary's decision to provide $20 billion to Argentina through the Exchange Stabilization Fund, a little-known Treasury slush fund. The episode explores the history of the fund, its intended purpose, and how it has been used in the past, specifically referencing a similar situation in Mexico in 1995. The hosts and an expert analyze the potential risks and benefits of this financial assistance, particularly in light of Argentina's history of debt defaults and the political motivations behind the move, questioning whether the loan adheres to best practices for such interventions and if Argentina will ultimately be able to repay the funds.