AOL.com Video - U.S. Economy Grew Revised 3% in Q4

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U.S. Economy Grew Revised 3% in Q4 - Better Than Expected

Description:The U.S. economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to dispel fears of a sharp slowdown in growth in early 2012. The Commerce Department said in its second estimate that GDP expanded at a 3 percent annual rate, the quickest pace since the second quarter of 2010. (2:15)

Source: IBTimesTV

Tags: ibtimestv , commerce department , fed chairman ben bernanke , gdp 2011