US Treasury chief dismisses Moody's downgrade amid Trump tax cut debate
ReutersMay 18, 2025 1:41 PM
WASHINGTON, May 18 (Reuters) - Treasury Secretary Scott Bessent on Sunday dismissed Moody's downgrade of the U.S. sovereign credit rating, saying the Trump administration would ensure U.S. economic growth outpaced its debt and pointing to recent pledges of Middle East investment.
"I don't put much credence in the Moody's" downgrade, Bessent said on CNN's "State of the Union" program.
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