Despite aid impasse, Mnuchin sees strong US rebound in Q3

Washington (AFP) – The United States is set for a strong economic rebound in the third quarter but additional spending is still needed, Treasury Secretary Steven Munchin said on Tuesday.The comments came as Mnunchin testified along with Federal Reserve Chair Jerome Powell before the House Financial Services Committee amid a continuing impasse in Washington over how much to spend to revitalize the US economy as it struggles with the Covid-19 downturn.”I believe we will see tremendous growth in the third quarter fueled by strong retail sales, housing starts, home sales, manufacturing growth and …

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