Dow Jones industrial futures are up 72 points to 13,029. The broader S&P futures have added 8.3 points to 1,415.50. Nasdaq futures are up 19 points to 2,679.50.
Treasury Secretary Timothy Geithner is meeting with Senate Republican Leader Mitch McConnell and Senate Democratic Leader Harry Reid on Wednesday to push budget negotiations ahead.
Growth was revised to a 2.7 percent annual economic growth rate, significantly better than the 2 percent rate initially estimated last month.
Meanwhile, the number of Americans seeking initial unemployment benefits fell by 23,000 to a seasonally adjusted 393,000 last week. It was the second straight drop after Superstorm Sandy drove applications much higher earlier this month.
Information from articles by AP Economics Writers Christopher S. Rugaber and Martin Crutsinger was added to this article.