The Presidential Daily Brief

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  1. U.S. Economy Makes Spirits Bright

    Didn’t expect this one under the tree. The U.S. economy notched its biggest growth in more than a decade, and yesterday the Dow soared past 18,000 for the first time. Consumer spending helped crank up GDP to five percent in the third quarter, blowing past an earlier estimate of 3.9 percent with a strength not seen since 2003. The cheerful numbers sent an early Christmas present to the White House: President Obama’s approval numbers swelled to a 20-month high.

    Bloomberg, NYT, FT (sub)

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