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.
Programming note: Most of the ThinkProgress team is away at Netroots Nation. If you’re there, you should find them and say hi! I’ll be holding down the fort in Washington, D.C. with our excellent team of interns, but posting will still be lighter than normal.
- After losing a key Senate vote on swipe fees last week, the banking industry vowed to fight on. But Congress seems ready to move on to other things. “I got other fish to fry, and we pretty well cooked this one,” said Sen. Bob Corker (R-TN). [Politico]
- The White House “is considering how strongly to push for extending a payroll-tax break for workers and creating a new tax break for employers to jump-start the economy.” [Wall Street Journal]
- Congressional Budget Office Director Doug Elmendorf warned yesterday that failing to raise the debt ceiling is a “dangerous gamble.” [TPM]
- With several Republicans saying that they might not vote to raise the nation’s debt ceiling, “the Obama administration is enlisting the business community to persuade lawmakers that a default will have dire consequences.” [Reuters]
- Federal Reserve officials are discussing the adoption of an explicit inflation target, as the Fed looks “to spur growth and reduce unemployment without fueling higher prices.” [Bloomberg]
- New rules for derivatives that were scheduled to go into effect next month may be delayed until the end of the year. [ProPublica]
- The Senate yesterday rejected a measure that would have eliminated subsidies for ethanol by a 40-59 vote. [Wall Street Journal]
- The Wisconsin Supreme Court yesterday allowed Gov. Scott Walker’s (R) anti-union law to move forward, saying “that a lower-court judge who put the measure on hold improperly interfered with the legislature.” [Wall Street Journal]
- Sen. David Vitter (R-LA) “is blocking President Obama’s nominees for two seats at the Securities and Exchange Commission until the agency decides whether victims of an alleged Ponzi scheme are entitled to financial relief.” [Washington Post]