America’s history of helping

The Mexican peso crisis erupted just weeks after Zedillo took office, triggering capital flight and fears of default. President Bill Clinton bypassed Congress to approve a $20 billion loan from the U.S. Treasury’s Exchange Stabilization Fund. According to the Clinton Presidential Center, Mexico repaid the U.S. three years ahead of schedule, and the U.S. actually made about $580 million in interest from that deal.

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TND covers content from Sinclair's stations in:

Abilene-San Angelo, TX : KTXS

Albany, GA : WFXL

Albany, NY : WRGB

Amarillo, TX : KVII

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Bakersfield, CA : KBAK/KBFX

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Providence, RI : WJAR

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