U.S. Treasury Secretary Basent expressed skepticism about Moody's downgrade of credit rating
According to Deep Tide TechFlow, on May 18, U.S. Treasury Secretary Basent said in response to a question about Moody's downgrade of the U.S. credit rating, "I don't really believe Moody's." Previously, Moody's downgraded the U.S. credit rating to Aa1 due to rising debt.