Treasury Chief Says U.S. Can Achieve 3% Economic Growth - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Treasury Chief Says U.S. Can Achieve 3% Economic Growth

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Treasury Secretary Steven Mnuchin says a goal of 3% economic growth is achievable if the United States makes historic changes in taxes and regulation.
Mnuchin is testifying before the Senate Banking, Housing and Urban Affairs Committee - his first appearance before that committee since being sworn in.
He says 100 people at his department are working on overhauling the tax system - and the Trump administration's goal is to bring "meaningful relief" to the middle class and makes American businesses competitive.
Mnuchin says the Treasury Department is preparing a report on regulatory changes for the finance system. He says it'll be broader than undoing much of the Dodd-Frank law enacted under President Barack Obama.
Mnuchin says the report will focus on providing relief to community banks.

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