US likely to enjoy strong growth for rest of year -White House adviser

WASHINGTON: The US economy should enjoy strong growth in the second quarter and for the remainder of the year, with weakness overseas having only a limited spillover effect, a top White House adviser said on Wednesday.

"This year we're looking at a weak first quarter. We still expect a strong second quarter and rest of the year, but the momentum from Europe and the momentum from Asia is much different than it was last year," White House Council of Economic Advisers Chairman Kevin Hassett told CNBC.