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Date
Summary
Bessent on Moody’s Downgrade of U.S. Credit: By the Time They Get There, Everything‘s Already in the Market
Subjects
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
State of the Union With Jake Tapper and Dana Bash (CNN)
Name: State of the Union With Jake Tapper and Dana Bash (CNN)
URL: https://www.cnn.com/shows/state-of-the-union
Persons
Jake Tapper
, Scott Bessent
Name: Jake Tapper
Employment: CNN
Position: Anchor
Name: Scott Bessent
Employment: U.S. Department of Treasury
Position: Secretary
Event
Event location
–
Link
–
Original recording
Uploaded
05/18/2025 09:32 am
Owner
Elizabeth (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:01:09
Views
6
Purchases
1
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Transcript
RUSH TRANSCRIPT TAPPER Me ░░░░░░░░ just back from that ░░░░░░░░ to the Middle East ░░░░░░░░ Treasury secretary Scott Bessent ░░░░░░░░ has a lot on ░░░░░░░░ plate It s so ░░░░░░░░ to have you here ░░░░░░░░ Jake Good morning TAPPER ░░░░░░░░ to see you So ░░░░░░░░ s just talk about ░░░░░░░░ s downgrading America s ░░░░░░░░ credit citing out of ░░░░░░░░ debt citing growing interest ░░░░░░░░ on that debt How ░░░░░░░░ are you that this ░░░░░░░░ going to drive interest ░░░░░░░░ in the U S ░░░░░░░░ higher and maybe even ░░░░░░░░ investment in the U ░░░░░░░░ away BESSENT Well Jake ░░░░░░░░ of all the history ░░░░░░░░ rating agencies by the ░░░░░░░░ they get to a ░░░░░░░░ everything s already in ░░░░░░░░ market Larry Summers and ░░░░░░░░ don t agree on ░░░░░░░░ but in 2011 the ░░░░░░░░ Time or two times ░░░░░░░░ when we had a ░░░░░░░░ he he pooh poohed ░░░░░░░░ You know what I ░░░░░░░░ is important is that ░░░░░░░░ Trump has just come ░░░░░░░░ from this historic mideast ░░░░░░░░ and there s trillions ░░░░░░░░ dollars coming into the ░░░░░░░░ S so we are ░░░░░░░░ confidence from investors So ░░░░░░░░ don t put much ░░░░░░░░ in the moody‘s.”
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