Econ 101: November 4, 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.

• Senate Republicans, joined by Sens. Ben Nelson (D-NE) and Joe Lieberman (I-CT), yesterday filibustered the latest part of President Obama’s jobs plan, $60 billion in infrastructure funding. [Washington Post]

• Greek Prime Minister George Papandreou faces a confidence vote in Parliament today, one day after scrapping a referendum on the EU’s proposed financial rescue. [CNBC}

• Next week, the Census Bureau plans to release "a long-promised alternate measure meant to do a better job of counting the resources the needy have and the bills they have to pay." [New York Times]

• Congressional lawmakers “are already talking about reversing the automatic spending cuts to defense and domestic programs that would go into effect if the supercommittee doesn’t find at least $1.2 trillion in deficit cuts by Nov. 23.” [Politico]

• Groupon yesterday “raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.” [Reuters]

• Bank of America “had trading losses on 20 days in the third quarter, led by a $119 million drop on one day, the largest single-day hit since 2008.” [Bloomberg]

• A pair of Senate Democrats “are pressing financial institutions to adopt a one-page form that details fees on checking accounts.” [The Hill]

• The Swiss government “has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billions of dollars in U.S. taxes.” [Reuters]