The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. CNBC's Rick Santelli breaks down the numbers. Read more: cnb.cx/4scydh7 | CNBC
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As President-elect Donald Trump prepares to take office, CNBC surveys how Americans feel about the economic hand-off, with President Biden leaving the White House with a 36% approval rating. Find more on the survey: cnb.cx/4gxUMq2 | CNBC
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