Speaking from Davos

Treasury Secretary Mnuchin is speaking from Davos on CNBC

  • US is a bright spot of global growth
  • The increase in the deficit is increasing government spending
  • Government spending growth must low down
  • The US can not sustain deficit level and the government has to cut back on spending
  • The President is looking toward tax cut 2.0 which will focus on the middle class
  • We need to continue to incentivize the the middle class
  • tax cuts will pay for themselves
  • Supports a stable dollar
  • Deficits are reasonable versus GDP, but we have to grow so we can shrink them over time
  • US companies/CEOs it should still feel comfortable doing business with Saudi Arabia
  • No question US wants to expand borrowing capability
  • Will take a bit longer to do a 50 year and hundred year bond.