{"id":13452,"date":"2023-11-29T17:25:08","date_gmt":"2023-11-29T17:25:08","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/biden-officials-reject-moodys-shift-to-negative-outlook-point-to-republican-dysfunction\/"},"modified":"2023-11-29T17:25:09","modified_gmt":"2023-11-29T17:25:09","slug":"biden-officials-reject-moodys-shift-to-negative-outlook-point-to-republican-dysfunction","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13452","title":{"rendered":"Biden officials reject Moody’s shift to ‘negative’ outlook, point to Republican ‘dysfunction’"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November 9, 2023. REUTERS\/Leah Millis\/File Photo<\/span>
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WASHINGTON (Reuters) – Top Biden administration officials on Friday rejected a decision by Moody’s (NYSE:) ratings agency to downgrade its U.S. economic outlook to negative from stable, calling the shift a reflection of what they called “extremism and dysfunction” among congressional Republicans.<\/p>\n

\u201cWhile the statement by Moody\u2019s maintains the United States\u2019 AAA rating, we disagree with the shift to a negative outlook. The American economy remains\u00a0strong, and Treasury securities are\u00a0the world\u2019s preeminent safe and liquid asset,” Deputy Treasury Secretary Wally Adeyemo said in a statement.<\/p>\n

White House spokesperson Karine Jean-Pierre said the change was “yet another consequence of congressional Republican extremism and dysfunction.” <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November…<\/p>\n","protected":false},"author":1,"featured_media":2429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-13452","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nBiden officials reject Moody's shift to 'negative' outlook, point to Republican 'dysfunction' | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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