Econ 101: November 17, 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 House unanimously approved two small pieces of President Obama’s jobs bill — a tax-withholding requirement on government contractors and tax incentives for companies that hire veterans — last night. [New York Times]

• Supercommittee Democrats quietly proposed a deal to Republicans last week that included $225 billion in cuts from Medicare, $50 billion from Medicaid, and a sharp drop in new revenues from earlier offers. [AP]

• Growing GOP support for raising taxes to reduce the deficit has caused an “identity crisis” within the party as it debates whether to abandon its staunch anti-tax doctrine. [Washington Post]

• Members of the Gang of Six say they are ready to put together a large deficit-reduction package if the supercommittee misses its pre-Thanksgiving deadline. [The Hill]

• France and Germany, Europe’s two largest economies, “appear increasingly divided” in how to further address the continent’s fiscal crisis. [Washington Post]

• Occupy Wall Street protesters are planning citywide action today — including a possible march on Wall Street — two days after their eviction from Zuccotti Park. [Wall Street Journal]

• Federal prosecutors have issued subpoenas in the investigation of MF Global, “a sign of an intensifying Justice Department criminal investigation” into the financial firm’s collapse. [Wall Street Journal]

• A former trader employed by Bernie Madoff is expected to plead guilty to conspiring to defraud companies starting in the 1970s, two decades before Madoff claims his Ponzi scheme began. [New York Times DealBook]