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Paulson Says Treasuries Are AAA, Political Process Isn’t

Former Treasury Secretary Henry Paulson said he would invest in U.S. government securities before other sovereign debt even though the nation’s political process isn’t working at a “AAA level.”

“Our political process, our government, hasn’t been working at a AAA level,” Paulson, 65, said today at Dartmouth College in Hanover, New Hampshire. “But despite that, I would take U.S. Treasuries over other sovereign debt, other AAA sovereign debt, any day of the week. That’s not to say we don’t have important issues to deal with in this country.”