Reported about 15 hours ago
In an interview, Treasury Secretary Scott Bessent characterized Moody's downgrade of the US credit rating as a 'lagging indicator,' asserting that the administration is focused on reducing federal spending and fostering economic growth. He emphasized that concerns linked to tariffs, particularly in relation to Walmart's pricing, are being addressed, and expressed optimism about ongoing trade negotiations with China. Bessent downplayed the significance of the Moody's downgrade, stating that other countries remain committed to investing in the US.
Source: YAHOO