Felisa Miceli, the Argentine Economy Minister, resigns over approximately $60,000 found in a bag in her office.
- Reuters via the Scotsman
- Following a court order that payments to most bondholders be stopped until holdouts were paid, Argentina has defaulted on some of its bonds after negotiations fell short of reaching a deal with hedge fund investors demanding a full payout of US$1.3 billion on bonds.
- A scandal erupts in Argentina when a Venezuelan businessman is caught trying to smuggle $800,000 into the country on a plane belonging to Enarsa, Argentina's government-owned energy company.
- Venezuela buys a further US $312 million of Argentina's national debt, adding to the US $1 billion already purchased. The government of Hugo Chvez says that the scheme will further South American integration.
- U.S. District Court for the District of Columbia Judge Ellen S. Huvelle awards Amir Mirza Hekmati, a U.S. Marine who was imprisoned in Iran as a falsely accused CIA spy, a default judgment of $63 million for his ordeal.
- Hurricane Harvey is projected to possibly become the second costliest hurricane in the United States's history, with estimates ranging from US$72 billion to over $125 billion. In comparison, Hurricane Katrina's total damage is estimated to be around $118 to $160 billion.