Trump, Biden Campaigns Spar on State of the US Economy

By GNNLiberia On Sep 7, 2020 138

By Ken Bredemeier | VOA News |

FILE – Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, June 10, 2020 on Capitol Hill in Washington. (AP Photo)

WASHINGTON – The Trump administration and the Biden campaign sparred Sunday on the state of the U.S. economy eight weeks ahead of the November 3 national presidential election.

Treasury Secretary Steven Mnuchin cited the drop in the unemployment rate to 8.4% in August and the addition of 1.4 million jobs as evidence that the American economy, the world’s largest, is recovering from the worst of the turmoil inflicted by the coronavirus pandemic.

“We’ll have a phenomenal (gross domestic product) in the third quarter” extending from July through September, Mnuchin told the “Fox News Sunday” show.