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.
- Prof. Elizabeth Warren plans to jump into the Massachusetts Senate race against Sen. Scott Brown (R) today. “The pressures on middle class families are worse than ever, but it is the big corporations that get their way in Washington … I want to change that,” she said in a statement. [Politico]
- The Federal Reserve, “facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.” [Reuters]
- The House yesterday “passed a short-term extension of both federal highway and aviation funding,” avoiding the political gamesmanship that shut down the Federal Aviation Administration last month. [The Hill]
- The White House is “revising its initial unwillingness to negotiate on the president’s job creation plan, saying now that if individual components of the bill came to the president’s desk — as opposed to the bill in its entirety — he would sign them into law.” [Huffington Post]
- 44 percent of the unemployed have been out of work for six months or more, which “could prevent unemployment rates from falling back to normal levels and hamper what has been a listless recovery.” [Politico]
- By a vote of 360-54, the House yesterday approved a bill “supporting the expansion of charter schools, the first part of a legislative package planned by Republicans to carry out a piecemeal rewrite of the main federal law on public education, No Child Left Behind.” [New York Times]
- Congressional Budget Office Director Doug Elmendorf told the congressional fiscal super committee yesterday that the “most effective” budget approach “would be changes in taxes and spending that would widen the deficit today but narrow it later in the decade.” [CNN Money]
- The United Auto Workers (UAW) says it has made “‘much progress’ toward reaching a new contract with General Motors Co to replace a deal on wages and benefits that expires just before midnight on Wednesday.” [Reuters]
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