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US Treasury Chief Dismisses Moody's Downgrade Amid Trump Tax Cut Debate
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.
U.S. Downgraded by Moody’s as Trump Pushes Costly Tax Cuts
The credit rating of the United States received a potentially costly downgrade on Friday, as the ratings firm Moody’s determined that the government’s rising debt levels stood to grow further if Republicans enact a package of new tax cuts.
The move came as Republicans seek to approve a large package of tax cuts, spending hikes and safety-net reductions which ...
S&P Global Ratings stripped the United States of its coveted AAA credit rating in 2011, and Fitch Ratings did the same in ...
Moody’s blamed the downgrade on more than a decade of increasing government debt and interest payment ratios, and the failure ...
SINGAPORE] Local bank OCBC remains positive about the investment outlook for the next one year, despite Moody’s downgrade of ...
White House communications director Steven Cheung criticized Moody's choice to downgrade the U.S. sovereign credit rating due ...
Moody's downgrade of the U.S. sovereign credit rating has elicited mixed responses among Republicans in Congress, with some ...
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