U.S. President Barack Obama lands in Buenos Aires with his family where he is expected to meet with Argentine President Mauricio Macri. Rough cut (no reporter narration).
NATURAL ROUGH CUT (NO REPORTER NARRATION) U.S. President Barack Obama and his family arrived in Argentina on Wednesday (March 23) to reset diplomatic relations and strengthen trade ties with a country that was part of South America's left-wing bloc until free marketeer Mauricio Macri took power in December. Obama's two-day visit marks a rapprochement after years of sour relations and is a sign of support for Macri's investor-friendly reforms aimed at opening up Latin America's third biggest economy. Obama landed in Buenos Aires shortly after midnight and will meet Macri on Wednesday morning ahead of a joint news conference. In his first 100 days in office, Macri lifted capital and trade controls, slashed bloated power subsidies and cut a debt deal with "holdout" creditors in the United States. U.S. officials say Obama has been impressed by the pace of reform. Yet Macri still has to grapple with double-digit inflation, a yawning fiscal deficit and a shortage of hard currency. Left-wing political parties have promised protests during Obama's visit, which coincides with the 40th anniversary of the coup on March 24, 1976, that installed the "dirty war" military junta. The United States initially backed the dictatorship, which killed up to 30,000 people in a crackdown against Marxist rebels, labour unions and leftist opponents during the bloody 1976-1983 dictatorship.