Econ 101: September 20, 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.

• Workers at General Motors “will begin considering the details of a proposed four-year contract on Tuesday that represents the first labor deal for the automaker since its 2009 bailout by the Obama administration.” [Reuters]

• “Protesters complaining about the power of the financial industry staged noisy demonstrations that slowed pedestrian traffic on Wall Street” for a third consecutive day. [Reuters]

• President Obama yesterday proposed that the financially struggling U.S. Postal Service “be allowed to cut mail delivery to five days a week and raise the price of stamps.” [McClatchy]

• GOP presidential hopefuls Mitt Romney and Rick Perry are running their economic plans by Republicans on Capitol Hill. [Politico]

• This week, the Federal Reserve is expected to announce “a new bond-buying plan specifically aimed at pulling long-term interest rates lower.” [Los Angeles Times]

• Federal regulators “have sent subpoenas to hedge funds, specialized trading shops and other firms as they probe possible insider trading before the U.S. government’s long-term credit rating was cut last month.” [Wall Street Journal]

• The Senate will begin debate today on renewing worker aid programs “that would clear the way for President Barack Obama to send Congress three pending free-trade agreements.” [Bloomberg]

• “While lawmakers and the president scrap over deficit reduction and jobs plans, they’re largely overlooking one of the biggest drags on employment and a major cause of our national economic woes”: housing. [McClatchy]