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Treasury Secretary Steven Mnuchin said on Fox News Sunday that the country is "well on the path" for four or five years of annual growth of 3%.
The details: "We can only project a couple years in the future, but I think we’re well on this path for several years," Mnuchin said. The government reported on Friday that the economy grew 4.1% in the second quarter, its fastest growth since 2014.
The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.
Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).
Illustration: Sarah Grillo/Axios
Illustration: Sarah Grillo/Axios
Republicans, win or lose next week, face a big — and growing — math problem.
The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.