Democrats attacked Trump on what may be his biggest strength: The growth of the economy.
The U.S.-China trade war is beginning to weigh heavily on the trucking industry.
Trump's latest tariffs hit gourmet imports from Europe, like French wine, Italian cheese, Spanish olives and Scotch whiskies.
The new IMF chief believes that a global slowdown may force central banks' hands.
So far in the fiscal year, a revenue increase of 3% hasn’t kept pace with a 8% rise in spending.
In addition to spirits, the next round of tariffs against the EU could include food and iron products.
Mnuchin added that investors have put too much emphasis on the Fed's anticipated interest rate policy.
The CBO also raised its 2018 U.S. economic growth forecast to 3.3 percent from 2 percent.
The markets have reacted to the ideas of planned tax cuts and regulatory relief, he said.