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.
- Occupy Wall Street protesters looked to regroup yesterday after a judge ruled that New York City can prevent them from having sleeping bags or camping equipment in Zuccotti Park. [New York Times]
- With the congressional fiscal supercommittee’s deadline approaching, “both parties are reaching for accounting gimmicks to help reach their target of $1.2 trillion in savings over 10 years.” [Wall Street Journal]
- Democrats on the supercommittee are also reportedly “weighing whether to reduce to about $800 billion their demand for new tax revenue.” [Bloomberg]
- Eleven states have applied for waivers from provisions of No Child Left Behind, “promising in return to adopt higher standards and carry out other elements of the Obama administration’s school improvement agenda.” [New York Times]
- The Postal Service yesterday announced a $5.1 billion annual loss. [CNN Money]
- The White House yesterday “announced it opposes a balanced budget amendment to the Constitution that is coming to a vote in the House later this week.” [The Hill]
- Newt Gingrich “made between $1.6 million and $1.8 million in consulting fees” from Freddie Mac, an amount significantly larger than the $300,000 that he was asked about at the last GOP debate. [Bloomberg]
- Federal prosecution of financial fraud has fallen to a 20 year low. [Huffington Post]
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