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. consumers lowered their credit card debt by 11 percent last year, with the average credit card balance falling from $7,404 to $6,576. [CNN Money]
- President Obama’s jobs council is releasing a report calling for a corporate tax overhaul. [Reuters]
- Will Congress be able to reach a deal quickly to extend the expiring payroll tax cut? [Politico]
- House Republicans this week will hold a symbolic vote disapproving of the latest increase in the debt ceiling. [BusinessWeek]
- New data shows that hours worked by undergraduate students had risen for four decades before falling sharply in 2009. [Inside Higher Ed]
- China’s growth in the fourth quarter of 2011 was its slowest in two and a half years. [Washington Post]
- The American Federation of State, County and Municipal Employees is petitioning to separate the jobs of chairman and CEO at several large companies. [Reuters]
- Markets largely shrugged off last week’s downgrades of European debt. [Associated Press]
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