The Cherenkov Telescope Array (CTA) is the next major ground-based observatory for gamma-ray astronomy. With CTA gamma-ray sources will be studied in the very-high energy gamma-ray range of a few tens of GeV to 100TeV with up to ten times better sensitivity than available with current generation instruments. We discuss the proposed US contribution to CTA that comprises imaging atmospheric Cherenkov telescope with Schwarzschild-Couder (SC) optics. Key features of the SC telescope are a wide field of view of eight degrees, a finely pixelated camera with silicon photomultipliers as photon detectors, and a compact and power efficient 1 GS/s readout. The progress in both the optical system and camera development are discussed in this paper.