Econ 101: January 10, 2012

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.

  • Federal officials are hoping to launch a program early this year that would convert government-owned foreclosures into rental properties. [CNN Money]
  • The SEC is asking U.S. banks to provide detailed information on their exposure to Europe. [Huffington Post]
  • Consumer credit rose by far more than expected in November. [Financial Times]
  • According to Fitch Ratings, Italy poses the biggest threat to the Eurozone. [Wall Street Journal]
  • The Washington D.C. school district is lagging in implementing its Race to the Top plan. [Washington Post]
  • Wall Street’s biggest firms are considering freezing compensation levels for their junior bankers. [Bloomberg]
  • The latest Labor Department data shows that more Americans are moving from part-time to full-time work. [Bloomberg]
  • White House Chief of Staff Bill Daley is stepping down and will be replaced by current Budget Director Jacob Lew. [Roll Call]