“I think that Moody's is a lagging indicator. I think that's what everyone thinks of credit agencies. And just like Sean Duffy said with our air traffic control system, we didn't get here in the past 100 days. It's the Biden administration and the spending that we have seen over the past four years. If we go back to your initial question on the Moody's downgrade, who cares? Qatar doesn't. Saudi doesn't. UAE doesn't.
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SB
Secretary of the Treasury • South Carolina
Secretary of the Treasury since January 2025. Founder of Key Square Group.