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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President Biden delivers remarks on the U.S. economy following the December jobs report on Friday. Job growth was much stronger than expected in December, likely providing the Federal Reserve less incentive to cut interest rates this year. Watch the full remarks: bit.ly/4j9RtY8 | CNBC
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