White House dismisses Moody's downgrade on US credit rating
ReutersMay 16, 2025 11:23 PM
WASHINGTON, May 16 (Reuters) - The White House adopted an aggressive tone toward Moody's after the ratings agency downgraded the U.S. credit rating on Friday.
White House communications director Steven Cheung reacted to the downgrade via a social media post, singling out Moody's economist, Mark Zandi, for criticism. He called Zandi a political opponent of U.S. President Donald Trump.
"Nobody takes his 'analysis' seriously. He has been proven wrong time and time again," said Cheung.
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