Treasury Secretary Scott Bessent has shrugged off the current downgrade of America’s triple A credit standing.
Moody’s downgraded America’s good triple-A ranking for the primary time in a century on Friday, citing a “progress in authorities debt.”
This reality was seized upon by the left as irrefutable proof that the Trump administration is mismanaging America’s economic system.
But Bessent, a veteran hedge fund supervisor who as soon as labored with George Soros, is seemingly not involved.
Throughout an look on Sunday morning’s Meet The Press, Bessent stated that the actual proof of America’s financial fame is evidenced by the current funding offers signed by President Trump.
“If we return to your preliminary query on the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t. They’re all pushing cash in.”
”They’ve made 10-year funding plans. So, this administration, we’re doing peace offers, commerce offers, and tax offers.”
Watch the clip beneath:
Bessent: “On the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t.” pic.twitter.com/UWVhvNX6DA
— The Bulwark (@BulwarkOnline) May 18, 2025
In the meantime, Trump spokesman Steven Cheung identified that the economist for Moody’s is a Democratic Get together hack.
“Mark Zandi, the economist for Moody’s, is an Obama advisor and Clinton donor who has been a By no means Trumper since 2016,” Cheung stated.
”No one takes his ‘evaluation’ critically,” he continued. “He has been confirmed flawed time and time once more.”
HERE WE GO: Moody’s Downgrades US’s Credit For First in Over a Century – Trump Spox Responds
