WorldPosted at: May 19 2025 8:01PM


Trump disagrees with Moody's downgrade of US rating - White House

Washington, May 19 (UNI) US President Donald Trump does not agree with the Moody's rating agency downgrading of the country's government rating, as the US's economy has the confidence of "people around the world," White House spokesperson Karoline Leavitt said on Monday.
On Friday, Moody's downgraded the long-term issuer and senior unsecured ratings of the United States government from AAA to AA1 and changed the outlook from negative to stable. According to the agency, the decision reflected the increase in government debt and interest payment ratios "to levels that are significantly higher" than those of other similarly rated economies. In response, White House spokesperson Kush Desai said that the agency's reputation was ruined by its inaction under the previous US administration. On Sunday, US Secretary of the Treasury Scott Bessent replied to the agency's decision by calling it a "lagging indicator."
"The president talked about this over the weekend. The secretary of the treasury also talked about it. When you look at the world, the world has confidence in the United States of America and our economy once again. The President, just last week, secured trillions of dollars in investments from countries in the Middle East. We have seen trillions of dollars of investments flowing into our economy since the president took office. That is because people around the world have confidence in the United States of America ... The president has added nearly a half million jobs to the American economy already, so there is a lot of optimism in this economy, and the president disagrees with that assessment," Leavitt told a briefing.
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