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Trump Administration Challenges Moody’s US Credit Rating Downgrade
Trump Administration Challenges Moody’s US Credit Rating Downgrade
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The White House has openly opposed Moody’s decision to downgrade the United States’ sovereign credit rating, with President Donald TRUMP and Treasury Secretary Scott Bessent leading the criticism. The ratings agency cited the nation’s $36 trillion debt as a primary concern, trimming the rating by one notch.
Bessent appeared on NBC’s Meet the Press to downplay the significance of the downgrade, while the administration dismissed the MOVE as misguided. Market observers note the rare public rebuttal from a sitting president, underscoring the political sensitivity around fiscal credibility.
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