Econ 101: June 16, 2011

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"Econ 101: June 16, 2011"

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.

  • “Foreclosure filings in the U.S. tumbled last month to the lowest in almost four years,” according to the latest data from Realty Trac. [Bloomberg]
  • The Obama administration and Congress are reportedly “nearing consensus on three pending trade agreements and the renewal of support for workers who have been displaced by global trade.” [Washington Post]
  • Sens. Sherrod Brown (D-OH) and Bob Casey (D-PA) don’t think much of linking trade assistance to new trade pacts, and “stepped up their calls for Congress to pass a stand-alone five-year extension of the aid program, known as the Trade Adjustment Assistance for Workers.” [Politico]
  • The banking industry is “making an aggressive, last-ditch push to ward off stricter capital requirements ahead of an international agreement that could come later this month.” [Wall Street Journal]
  • Wisconsin’s public worker unions “filed a lawsuit in federal court on Wednesday to block the state’s new curbs on collective bargaining, which were upheld by the state’s Supreme Court on Tuesday.” [Reuters]
  • Does former Federal Reserve Chairman Alan Greenspan back House Republicans on the debt ceiling? [Roll Call]
  • Republicans on the House Education Committee voted yesterday to repeal new regulations that “would set a federal definition of a credit hour and expand state oversight of colleges.” [Chronicle of Higher Education]
  • Democrats want oil and gas industry tax breaks to be on the table during the deficit negotiations led by Vice President Biden. [National Journal]
  • Mega-bank JP Morgan Chase “has agreed to pay $2 million to settle federal regulators’ civil claims that it used high-pressure tactics and false statements to get auto loan customers to buy contracts that would suspend or cancel loan payments in case they lost their job.” [Associated Press]
  • Greece faces more debt woes: “Global markets shuddered as embattled Greek Prime Minister George Papandreou launched a risky gambit to push his Parliament to pass another round of austerity measures.” [Washington Post]
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