U.S. economy picks up pace

Filed under: AM Roundup |

Economic growth picked up in the third quarter, reports the New York Times.

The latest economic news points to a painfully slow recovery, but averts fears of a second recession.

Consumers spent more, businesses invested more, spurring the fastest growth in a year.

But the pace isn’t strong enough to recover ground lost in the recession.

Read more at the New York Times.