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 Obama administration is reportedly “ramping up talks on how to revive the housing market,” though “there isn’t consensus on particular ideas.” [Wall Street Journal]
- House Minority Whip Steny Hoyer (D-MD) said yesterday that that he couldn’t guarantee a single vote from his party” to raise the debt ceiling “if revenues weren’t part of the deal.” [Huffington Post]
- According to new research from the San Francisco Federal Reserve, “the recession that struck the U.S. in 2007 has cost consumers about $7,300 each in lost spending.” [Huffington Post]
- Rep. Barney Frank (D-MA) said yesterday that the Dodd-Frank financial reform law bearing his name “is ‘holding up very well’ despite efforts to undermine new rules and underfund the agencies implementing them.” [Washington Post]
- Frank also criticized liberals “for taking the financial services industry’s side in an effort to weaken standards…intended to clean up the securitization markets.” [National Journal]
- “Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement” between the mega-bank and investors. [New York Times]
- Amazon looks to roll back a new California law requiring online retailers to collect sales taxes. [New York Times]
- “Banks are offering easier credit terms to hedge funds in an increasingly fierce competition for their business,” according to new Federal Reserve data. [Financial Times]
- Minnesota’s state government shutdown “reached its eleventh day on Monday with no new talks planned between the political leaders.” [Reuters]
- Congressional Democrats “are pressing Wall Street and the business community to urge Republicans to soften their demands and strike an agreement on raising the debt limit.” [The Hill]
- House Republicans are pushing to cut “$1.5 billion in high-speed rail money that had been awarded to projects across the country.” [McClatchy]
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