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Third-Quarter Economic Growth Revised Upward

The U.S. economy grew at a 2.7 percent annual rate in the third quarter, the Bureau of Economic Analysis says. That's a sharp upward revision in its estimate of gross domestic product growth from mid-summer into the fall. In its first look at the quarter's GDP, the agency estimated growth at a 2 percent annual rate.

According to BEA, consumer spending, inventory investment, exports and federal spending all contributed to growth from July 1 through Sept. 30.

In the second quarter, GDP expanded at a 1.3 percent annual rate.

Also this morning:

There were 393,000 first-time claims for jobless benefits last week, down by 23,000 from the week before, the Employment and Training Administration reports.

The decline brings claims back into the 350,000-to-400,000 pace they had been running at before Superstorm Sandy pummeled the Mid-Atlantic and Northeast in late October.

Wednesday, there was more modestly good economic news — about the housing market.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

WAMU 88.5

Your Turn: Sexual Assault, Nate Parker And More

Director Nate Parker's college rape case is resurfacing and putting off would-be fans of his highly anticipated film "The Birth of a Nation." What do Washingtonians think?

NPR

Minnesota Cracks Down On Neonic Pesticides, Promising Aid To Bees

Minnesota's governor has ordered new restrictions on the use of neonicotinoid pesticides, which have been blamed for killing bees. Many details of the plan, however, remain to be worked out.
WAMU 88.5

Donald Trump’s Immigration Plan And His Visit To Mexico

Donald Trump lays out a plan for immigration after a meeting with Mexico President Enrique Peña Nieto. An update on the Republican presidential nominee’s proposals on immigration, illegal drugs and trade.

WAMU 88.5

Results From Congressional Primary Races And New Concerns About Hacks Into State Voting Systems

Join us to discuss results from primary challenges to Republican Senator John McCain, Democratic Representative Debbie Wasserman Schultz and others and new concerns possible Russian hackers breaking into U.S. state voting systems.

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