The US economy is the world's 'bright spot,' and there's no sign of a recession: Treasury secretary

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The US economy is the world's 'bright spot,' and there's no sign of a recession: Treasury secretary
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'U.S. growth it still really the bright spot of the world,' says Treasury Secretary Steven Mnuchin.

"U.S. growth it still really the bright spot of the world," Mnuchin told CNBC's Nancy Hungerford.

In fact, the Treasury secretary said his concerns are about economic falterings beyond American borders. "We are somewhat concerned about what we see as a slowdown in Europe, China and other areas of the world," he said.

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