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Econ 101: December 5, 2011

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"Econ 101: December 5, 2011"

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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.

  • U.S. automakers are “headed toward their best annual performance in three years at sales of 12.8 million vehicles.” [Bloomberg]
  • European leaders hope to have a deal in place to save the Euro by the end of a summit in Brussels this week. [New York Times]
  • The nomination of former Ohio Attorney General Richard Cordray to run the Consumer Financial Protection Bureau is likely to be filibustered by Republicans this week. [Politico]
  • Senate Majority Leader Harry Reid (D-NV) plans to unveil new legislation today to extend soon-to-expire jobless benefits and a payroll tax cut, after Republicans filibustered the Democrats’ last plan. [Bloomberg]
  • Federal Reserve officials are reportedly “close to completing an overhaul of how they signal their policy plans to the public.” [Wall Street Journal]
  • According to the latest data, “at the end of 2008, more consumers were using debit cards than credit cards but now that trend has reversed.” [CNN Money]
  • Shoppers spent nearly $6 billion online last weekend, setting a new record. [Associated Press]
  • Wall Street’s workforce is getting more diverse, but white men are still taking home most of the pay. [Huffington Post]
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