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Bessent calls Moody’s a “lagging indicator” after U.S. credit downgrade

By Home - CBSNews.com May 19, 2025 | 12:24 PM

Treasury Secretary Scott Bessent said Moody’s Ratings is a “lagging indicator” after the agency downgraded the U.S. credit rating. CBS News business contributor Javier David joins “CBS Morning News” with more.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM