Bessent Says He Doesn’t ‘Put Much Credence’ in Moody’s Downgrade
Treasury secretary said that growing the economy faster is more important than ’the potential growth of the debt.’ Treasury Secretary Scott Bessent said on May 18 that he is not worried about Moody’s recent downgrade of the United States’ Aaa credit rating to Aa1, and defended President Donald Trump’s tariffs and his sweeping tax-cut bill.