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.
NPR's Philip Reeves, reporting on 'Morning Edition'
At the United Nations this afternoon, the General Assembly is expected to overwhelmingly approve a resolution that would shift the status of Palestinians from that of a "non-member observer entity" to a "non-member observer state."
Later this morning, a British judge who spent eight months investigating the excesses of the nation's media will issue his suggestions for how to rein in the sometimes rambunctious British press. Prime Minister David Cameron ordered the wide-ranging inquiry in the wake of revelations of illegal phone hacking at The Tabloid News of the World and other papers owned by Rupert Murdoch.
But as Vicki Barker reports, Cameron's likely to face an uproar whether or not he accepts Brian Leveson's recommendations.
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The multinational oil firm BP is being taken to account for the massive 2010 spill in the Gulf of Mexico. Yesterday, the Obama administration banned BP from any new contacts with the federal government, citing, quote, "a lack of business integrity" related to the spill - that after BP admitted criminal wrongdoing in its recent settlement with the U.S. Justice Department.
In so many ways our country seems politically divided. Nevertheless, last month's election left 11 states controlled by supermajorities, meaning one party occupies the governor's mansion and owns the overwhelming majority in the legislature. Let's get a sense for the dynamic in one of these states - Indiana. Republicans seem in command. And yet despite their new leverage, Indiana's Republican lawmakers are preaching caution and a need for increased bipartisanship. Indiana Public Broadcasting's Brandon Smith reports.