Hassett Dismisses Moody’s Downgrade, Calls US Debt ‘Safest Bet’

White House National Economic Council Director Kevin Hassett criticized Moody’s Ratings over its decision to lower the US credit rating, calling the move backward-looking and saying the Trump administration is committed to lowering federal spending.

“Make no mistake, the US debt is the safest bet on Earth. There’s no country that I’d rather have than the United States and so Moody’s can do what it wants to,” Hassett said in an interview Monday morning on Fox Business Network.

“It’s a backward-looking thing, penalizing us for all the reckless spending of the Biden administration,” Hassett added, casting the decision as a ...