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 congressional fiscal supercommittee tasked with crafting a $1.5 trillion deficit reduction package by Thanksgiving is almost certain to fail. [New York Times]
- This holiday season, retailers will be “grabbing for a relatively stagnant share of dollars gripped tight by wary consumers.” [Wall Street Journal]
- U.S. and Chinese officials met over the weekend “to grapple with trade disputes that have strained ties between the world’s two biggest economies.” [Reuters]
- Foreign bank deposits at the U.S. Federal Reserve “have more than doubled to $715 billion from $350 billion since the end of 2010 amid Europe’s debt turmoil.” [Bloomberg]
- A group known as Occupy the SEC has been reading through a proposed regulation aimed at limiting banks’ risky trades, “flagging passages that seem to enable banks to skirt around regulatory intentions.” [Huffington Post]
- Bank of America and Goldman Sachs are among the banks sued by pension funds following the collapse of MF Global Holdings. [Reuters]
- The difference in graduation rates between the top and bottom income groups has widened by nearly 50 percent over the last two decades. [CNN Money]
- How the tough economy takes a toll on babies. [Daily Finance]
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