Moody's downgrade timed to jeopardize budget bill, says White House's Vought

May 20 (Reuters) - Moody's decision on Friday to downgrade the U.S. sovereign credit rating was timed to jeopardize the ability to get the budget bill through Congress, the director of the White House's Office of Management and Budget Russell Vought said on Tuesday.

"I think they were trying to catch up with the other rating agencies that had previously gone earlier with Democratic administrations that were truly the problem and then trying to time it at a moment that would jeopardize our ability to get this bill done," he told Fox Business' 'The Bottom Line' program.