Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.
- Sen. Jon Kyl (R-AZ) says Republicans want $2.5 trillion in spending cuts in return for agreeing to raise the debt ceiling and avoiding economic calamity. [The Washington Post]
- According to a new Pew poll, “by a wide margin, more Americans think the wars in Iraq and Afghanistan have inflated the national debt than the percentage who blame domestic spending or the tax cuts enacted in the past decade for doing the same.” This view is incorrect. [TPMDC]
- The number of underwater mortgages declined slightly in the first three months of the year, falling from 23.1 percent to 22.7 percent. [The Los Angeles Times]
- The White House says that a jobs bill crafted by Senate Democrats is too expensive. [The Hill]
- Federal Reserve Chairman Ben Bernanke takes on JP Morgan Chase CEO Jamie Dimon on financial reform. [The Wall Street Journal]
- Cutbacks in government employment hit African-Americans the hardest. [The Huffington Post]
- House Republicans introduce a bill to privatize Social Security. [TPMDC]
- Foreclosure fraud settlement update: “As state attorneys general continue their months-long settlement negotiations with the nation’s largest banks over widespread problems in foreclosure practices, they have yet to resolve differences within their own group on key issues.” [The Washington Post]
- Regulators have decided to delay a rule requiring mortgage lenders to hold onto at least a small portion of risky loans that they make. [The Hill]
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