Treasury Secretary Scott Bessin said in an interview with NBC News “Meet The Press” that MOODY classifications were a “late indication” after the group reduced credit rating in the United States through the highest level.
“I think Moody’s is a backward indicator,” Pesin said on Sunday. “I think this is what everyone thinks about credit agencies.”
Moody’s said last week that the reduction from AAA to AA1 “reflects the increase that exceeds a decade in government debt rates and pay benefits to much higher levels of the ideals.”
The Treasury Secretary confirmed that the classification was linked to spending policies in the Biden administration, which this administration described as priorities, including combating climate change and increasing healthcare coverage.
“Just, as Sean Duffy said with our air traffic control system, we did not get here in the past 100,” Pesin continued, referring to the Minister of Transport. “It is the Biden administration and the spending we have seen over the past four years.”
The United States has 36.22 trillion dollars of national debt, According to the Ministry of Treasury. It began to grow steadily in the 1980s and continued to increase during President Donald Trump’s first term and the administration of former President Joe Biden.
Bessint also told Supervisor Christine Wilker that he had spoken on the phone with the CEO of Wall Mart, Doug McMelon, whom the treasury minister told him that the retail giant would eat some definitions, just as they did in 18, 19 and 20. “
Walmart Cfo John David Rainey Previously said cnbc Walmart will absorb some high costs related to tariffs. He also told CNBC’s financial manager separately that he would start “interested” for consumers “seeing higher prices”, noting the customs tariff.
Trump said to a position to social truth last week that Wall Mart should “eat definitions.” Wall Mart replied, saying that “the company has always worked to maintain our prices as low as possible and we will not stop.”
“We will keep the prices as low as possible to the longest we can give the truth of the small retail margins,” the statement continued.
When asked about his conversation, Bessent denied that he had applied any pressure on Walmart to “eat tariffs”, noting that he and the CEO “had a very good relationship.”
“I just wanted to hear it from him, instead of the second, from the third side of the press.”
McMelon had said in Wall Mart Profit call These definitions have pressed prices. BESSENT argued that companies “must offer the worst scenario” about calls.
The White House said that the two countries are approaching the administration to negotiate the definitions. The administration also announced commercial agreements with the United Kingdom and China.
Pesin said on Sunday that he believes that countries that are not negotiating in good faith will witness that the tasks are due to the prices they announced on the day the administration revealed the comprehensive definitions.
“The negotiating lift that President Trump talks about here is if you do not want to negotiate, it will return to the level of April 2.”.
Pesin was also asked about Trump, saying that the administration will accept a luxury plane from Qatar for use as the first air forces, anger the Democrats and criticize some Republicans as well.
The Treasury Secretary called on questions about the $ 400 million gift “on a slope of many in the media not to recognize what was an incredible journey”, in reference to the investment obligations that the president received during his trip last week to Saudi Arabia and the United Arab Emirates.
He said: “If we go back to your initial question about the reduction of MOODY, then who is interested in Qatar no. The Saudi no. The United Arab Emirates does not.” “They all pay money.”
When he was asked about his response to those who argue that the plane sends a message that countries can prefer the United States by sending gifts, Pesint said “gifts are for the American people,” noting that investment agreements that were revealed during Trump’s Middle East trip.
Senator Chris Murphy, D-Kun, criticized Bessin’s comments about a credit reduction, saying in a separate interview about “Meet the Press”.
“I heard the treasury minister say,” Who is interested in reducing our credit rating from Moody’s? “This is a big deal.
“This means that we are probably heading to recession. This may mean high interest rates for anyone there trying to start business or buy a house.” “These men run the economy recklessly because everything they care about is the health of the Mar-AGgo Billionaire category.”
