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.
- Foreclosure sales are still hammering home prices. [CNN Money]
- The Federal Housing Finance Agency “is weighing a proposal that would reduce bankrupt homeowners’ loan balances.” [Financial Times]
- The bulk of House Republicans left for the holidays yesterday after rejecting a bipartisan bill that would have extended the payroll tax cut that expires at year’s end. [Roll Call]
- Under new rules released by the Federal Reserve, “the biggest U.S. banks will be required to limit their financial ties to one another.” [Wall Street Journal]
- Banks took advantage yesterday of “almost half a trillion euros in cheap three-year loans from the European Central Bank as part of its unprecedented effort to keep credit flowing.” [New York Times]
- According to the Commerce Department, “housing starts increased by 9.3 percent in November to a seasonally adjusted annual rate of 685,000 homes, the highest level since April 2010.” [The Hill]
- Chinese hackers breached the computers at the U.S. Chamber of Commerce “and gained access to everything stored on its systems, including information about its three million members.” [Wall Street Journal]
- The Commodity Futures Trading Commission may vote in January on a key rule meant to rein in risky trading at the nation’s biggest banks. [Bloomberg]
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