US economy grew at fast 5 pct. annual rate in Q3, best in 11 years

[Tom Joad]

There you have it.

Democrat in the White House = Good for America
Republican in the White = Bad for America

WASHINGTON (AP) -- The U.S. economy grew at a sizzling 5 percent annual rate in the July-September period, the fastest in more than a decade, fueled by higher consumer spending and business investment.

The resurgence in growth last quarter provided the latest evidence that the U.S. economy is steadily strengthening and outshining most others around the world. The news helped lift the Dow Jones industrial average above 18,000 for the first time, and it could shape the Federal Reserve's decision on when to raise interest rates from record lows.

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