Econ 101: November 29, 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.

  • European finance ministers are meeting today to try, once again, to nail down the details of a plan to stop the continent’s fiscal crisis. [Reuters]
  • Senate Democrats yesterday officially introduced legislation to extend an expiring payroll tax cut, and pay for it with a surtax on millionaires. [New York Times]
  • Private analysts are cutting their forecasts for China’s economic growth, “as home sales slide and Europe, the nation’s biggest export market, faces the risk of a recession.” [Bloomberg]
  • Fitch Ratings yesterday lowered America’s credit rating outlook to negative. [Bloomberg]
  • Protestors at Occupy Los Angeles “have turned to the federal courts to keep officers away after disobeying a city-imposed 12:01 a.m. deadline Monday to take down their camp.” [Associated Press]
  • U.S. labor mediators have rejected claims that Delta Airlines interfered in a recent unionizing campaign. [Reuters]
  • Senate Democrats plan to move a $1 trillion omnibus spending plan next month. [The Hill]
  • Facebook is looking to make a $10 billion initial public offering next year, which will value the company at more than $100 billion. [CNBC]