US economy grew at 2.7 percent rate in summer

WASHINGTON (AP) — The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought. The strength is expected to fade in the final months of the year because of the impact of Superstorm Sandy and uncertainty about looming tax increases and government spending cuts.

By: Martin Crutsinger, AP Economics Writer, The Jamestown Sun