This is our look at President-elect Donald Trump's transition and the outgoing Obama administration. Here's what's happening:
- Nancy Pelosi beats back challenger to retain House leadership post
- Trump tweets he will announce plans to leave his businesses to focus on presidency
- Trump picks Wall Street exec Steven Mnuchin to head Treasury
- Trade critic Wilbur Ross to lead Commerce department
- Romney and Trump discuss State over frog legs
The U.S. economy grew faster in the third quarter than initially estimated, expanding at its strongest pace in two years in a rebound from a weak first half of 2016.
Total economic output, also known as gross domestic product, expanded at a 3.2% annual pace from July through September, the Commerce Department said Tuesday.
The figure was up from an initial estimate of 2.9% and the best performance since the economy expanded at a 5% annual rate in the third quarter of 2014.