Treasury Secretary Scott Bessent has shrugged off the recent downgrade of America’s triple A credit rating.
Moody’s downgraded America’s perfect triple-A rating for the first time in a century on Friday, citing a “growth in government debt.”
This fact was seized upon by the left as irrefutable proof that the Trump administration is mismanaging America’s economy.
Yet Bessent, a veteran hedge fund manager who once worked with George Soros, is seemingly not concerned.
During an appearance on Sunday morning’s Meet The Press, Bessent said that the real evidence of America’s economic reputation is evidenced by the recent investment deals signed by President Trump.
“If we go back to your initial question on the Moody’s downgrade, who cares? Qatar doesn’t. Saudi doesn’t. UAE doesn’t. They’re all pushing money in.”
”They’ve made 10-year investment plans. So, this administration, we’re doing peace deals, trade deals, and tax deals.”
Watch the clip below:
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
Meanwhile, Trump spokesman Steven Cheung pointed out that the economist for Moody’s is a Democratic Party hack.
“Mark Zandi, the economist for Moody’s, is an Obama advisor and Clinton donor who has been a Never Trumper since 2016,” Cheung said.
”Nobody takes his ‘analysis’ seriously,” he continued. “He has been proven wrong time and time again.”
HERE WE GO: Moody’s Downgrades US’s Credit For First in Over a Century – Trump Spox Responds
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