US economic growth up sharply in third quarter

The US economy grew more than expected in the three months to September, official figures showed. The world's largest economy expanded at an annualised rate of 2% in the third quarter, the Commerce Department said.

Jobs report crucial to presidential election outcome

(CNN) -- Hands down, it's the most important monthly economic report in the race for the White House.And April's numbers from the Labor Department didn't provide President Obama a lot to brag about.