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The U.S. economy grew by an annual rate of 3.5 percent in the third quarter of 2016, according to new data. (AP Photo/Charles Rex Arbogast)

The U.S. economy grew by an annual rate of 3.5 percent in the third quarter of 2016, according to new data from the Commerce Department.

That’s a bit higher than the 3.2 percent growth that the department’s Bureau of Economic Analysis estimated last month.

It’s the first time quarterly growth has exceeded 3 percent since the middle of 2014.

The economy grew just 1.4 percent in the second quarter, and by less than 1 percent in the first quarter.

Meet the Democrats who want to abolish the Electoral College

Top Story

A growing number of Democrats are interested in changing or even completely eliminating the Electoral College.

12/21/16 11:01 PM

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