Econ 101: September 26, 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.

  • The White House said yesterday that it expects a vote on President Obama’s jobs plan to take place in October. [The Hill]
  • The Senate plans to vote today on a continuing resolution that “includes dollars for disaster relief without an offsetting spending cut elsewhere that the House GOP demands.” [Washington Post]
  • European Union officials “began working on new ways to stop fallout from Greece’s near-bankruptcy from inflicting more damage on the world economy after stinging criticism for failing to stem the debt crisis.” [Reuters]
  • Treasury Secretary Tim Geithner said yesterday “that the sovereign debt and banking crisis in Europe represents ‘the most serious risk now confronting the world economy.'” [CNN Money]

  • U.S. banks may “have to change the way they compensate traders involved in market-making activities under one of the proposed restrictions of the so-called Volcker rule.” [BusinessWeek]
  • The White House and Democratic leadership “are at odds over three pending trade deals that President Obama is poised to send to Capitol Hill.” [The Hill]
  • Chrysler and the United Auto Workers restarted contract talks over the weekend after “bargaining broke down Wednesday over key financial issues.” [Associated Press]
  • Older workers are more than twice as likely to be out of work for 99 weeks (or more) than younger workers. [Huffington Post]