US Economy Growing Faster Than We Thought

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This is welcome news:

The U.S. economy expanded at a brisker pace than initially thought in the second quarter as businesses ramped up spending, a hopeful sign for an economy that has been repeatedly buffeted by bad weather, domestic political standoffs and overseas turmoil.

Gross domestic product, the broadest sum of goods and services produced across the economy, expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, the Commerce Department said Thursday, up from the initial estimate of 2.3% growth.

Average growth in the entire first half of the year was still fairly sluggish, thanks to a miserable first quarter, but today’s news might be evidence of some decent acceleration in the economy. Given all the bad news of the past month or so, this comes as a bit of a relief.

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We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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