Trump disagrees with Moody's assessment

BlockBeats News: On May 19th, White House Press Secretary Levitt stated that Trump does not agree with Moody's assessment. Previously, Moody's downgraded the US sovereign credit rating from Aaa to Aa1 and adjusted its outlook to 'stable'. The reason for the downward adjustment is that the government debt to interest payment ratio continues to rise, and the fiscal deficit is expected to approach 9% of GDP by 2035. This is the first time since 1917 that Moody's has downgraded the rating of the United States, resulting in the loss of all AAA top ratings from the three major credit rating agencies.