The White House Press Secretary Karoline Leavitt says President Trump disagrees with the lower US credit governments.
Secretary of Treasury Scott bet Lowed the impact of the moody of the US government’s credit rating in a Sunday interview.
Moody ratings on Friday lowed US credit rating Through a notch, from the highest Tier AAA to AA1, quoting the concerns of increasing national debt and expanding budget disability.
The Bansent asked about downgrading a look at NBC News’ “Meet Press” And it is said that downgrading is primarily in response to fiscal conditions inherited by Trump administration.
“First of all, I think that Moody’s is a leap out, and I think that’s all credit agencies,” Bosseless says. “Larry Summers and I disagree with everything, but he said that when they lowered the US in 2011. So it was a rolling scroll.”
Moody’s depletion of US credit rating of debt increase
Treasury Secretary Scott Bessense said Moody’s degrade is a devastating indication of economic and fiscal situations. (Photo by Andrew Harnik / Getty Images / Getty Images)
“And as Sean Duffy told our air traffic control system, we couldn’t reach here in the last 100 days,” he added.
“This is the Handle Biden And the expenditure we saw in the last four years, “the Treasury Secretary continued.” We have inherited 6.7% GDP deficiency, the highest when we have no recession, not in a war. And we are determined to bring the economy and economic growth. “
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The White House Press Secretary Karoline Leavitt said investment notifications showed trust in the US economy. (Reuters / Kevin Lamarque / Reuters)
The White House Press Secretary Karoline Leavitt asked about the doming press Lawrence Edward Lawrence as a US investment sign, as well as promoting US trust Donald Trump’s not contradicts in action.
“If you look at the world, the world has trust in the United States of America and our economy. Once again, the President last week was secured Trillions of Dollars of Investments Flowed our economy since the President took office, “Leavitt said.
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“That’s because … people around the world have trust in the United States of America. And when the prices of time, the President quits the time of America,” he said. “So there is a lot of optimism in this economy, and the President does not agree with that examination.”
Moody’s Downnadrade quotes the shortcomings of budget shortages driven by increasing spending entitlement programs and interest expenses. (Saul Loeb / AFP by GETTY / GETTY images images)
In its announcement on Friday, Moody said the downgrades “reflects an increase in more than a decade of Government debt and interest ratios of interest to levels higher higher than the same marked sovereigns. “
“Subsequent US administrations and congress failed to agree to steps to return the form of many annual fiscal lacks and increased costs of interest,” the company defined. “We do not believe that materials reduced multi-year in Mandatory spending and deficiencies will result from current fiscal suggestions considered. “
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Moody added that it sees fiscal in fiscal of the federal government that worsened the years ahead, with the spending of entitlement programs Medicare and Social Security Continues to climb between the age of the US population and pay interest in debt increase due to higher interest in interest and expanding disadvantages.
