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.
- The New Jersey Assembly yesterday “approved a broad rollback of benefits for 750,000 government workers and retirees, the deepest cut in state and local costs in memory, in a major victory for Gov. Chris Christie.” [New York Times]
- President Obama heads to Pittsburgh today “to talk up a ‘renaissance’ in domestic manufacturing, just days after his leading rival called the president ‘out of touch’ for suggesting young Americans seek jobs in the sector.” [Wall Street Journal]
- House Republicans on the Appropriations Committee voted yesterday to cut the budget of the newly created Consumer Financial Protection Bureau and to flat-fund the Securities and Exchange Commission, despite those agencies’ new responsibilities under the Dodd-Frank financial reform law. [Wall Street Journal]
- Attorneys general in Ohio, New York, and California have “started antitrust investigations into Google, adding to the mounting regulatory pressure on the search company as federal authorities move closer to a full-blown inquiry of their own.” [Financial Times]
- House Majority Leader Eric Cantor’s seemingly abrupt exit yesterday from deficit reduction talks with Vice President Biden had been planned for weeks. [The Hill]
- Senate Minority Leader Mitch McConnell (R-KY) said that Senate Republicans are willing to renew the expired Trade Assistance Adjustment program, a key White House demand, but only after passing three pending free trade agreements. [Reuters]
- House Education Committee Chairman John Kline (R-MN) yesterday “challenged plans by the education secretary to override provisions of the federal No Child Left Behind Law, and he said he would use a House rewrite of it this year to rein in the secretary’s influence on America’s schools.” [New York Times]
- President Obama today “will announce the launch of the Advanced Manufacturing Partnership (AMP), an initiative that would provide more than $500 million to encourage investments in promising technologies.” [The Hill]
- The House will vote on a constitutional balanced budget amendment in July, according to House Majority Leader Eric Cantor (R-VA). [Roll Call]
- Treasury Secretary Timothy Geithner criticized America’s mega-banks for spending “a huge amount of money to erode, weaken, [and] walk back” the Dodd-Frank financial regulations. [Huffington Post]
- “Published tuition and fees will increase by an average of 4.6 percent this fall at private, nonprofit colleges, while institutional student aid is expected to grow by 7 percent,” according to an annual tuition survey released by the National Association of Independent Colleges and Universities. [Chronicle of Higher Education]
- Greece and its lenders agreed yesterday “on a five-year austerity plan that Prime Minister George Papandreou must now push through Parliament in order for Greece to stave off default.” [New York Times]
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