Fact Check: Did Trump send Argentina $40 billion while ACA subsidies cost $38 billion to extend?

Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.

Claimant: Rep. Zoe Lofgren (D)

Claim: “It would cost $38 billion to extend ACA credits next year… Trump sent $40 billion to Argentina for no reason.”

Rating: MISLEADING

Explanation: The $38 billion estimate for extending ACA subsidies is accurate. However, Lofgren misstates the Argentina figure. The Trump administration approved a $20 billion currency swap and facilitated another $20 billion in private-sector financing—not direct U.S. aid. The claim exaggerates the amount and mischaracterizes its nature.

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Date: 11/17/2025

 

Last Updated on November 17, 2025 by Media Bias Fact Check

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