Thursday, November 29, 2012

U.S. economy growing faster than forecast

http://www.cbsnews.com/8301-505123_162-57556104/u.s-economy-growing-faster-than-forecast/


wonder had Romney won would he be claiming credit for this report even though he would not have been sworn in, well he claimed those 12 million jobs that were going to happen any way as his own and he was just a longshot.
there's always such big difference in the real news and Fox news
(MoneyWatch) The U.S. economy got an early holiday gift Thursday when the U.S. Commerce Department announcedthat growth in the third quarter was 2.7 percent, topping a previous forecast.
While the latest economic snapshot is good news for Americans, it raises the heat on Congress and President Barack Obama to reach a deal to avoid taking the nation off the so-called "fiscal cliff," a package of mandated government spending cuts and expiring tax breaks scheduled to take effect in January. That could throw the economy in reverse just as it appears to be gaining speed.
The new GDP figures are an update of the agency's estimate last month of 2 percent growth in the July-to-September period. The revised numbers, which are adjusted seasonally, offer a more accurate picture of growth than the government's initial forecast. The economy grew 1.9 percent and 1.3 percent, respectively, in the first and second quarters.

Propelling the growth in GDP was stronger consumer spending, federal outlays, expanding business inventories and a renewed housing sector, the Commerce Department said.
Americans look like you made the right choice no pun intended