Econ 101: March 2, 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.

  • U.S. auto sales hit their highest annual pace in four years in February. [CNN Money]
  • 11.1 million homeowners — 22.8 percent — are underwater on their mortgages, according to the latest data. [HousingWire]
  • Eurozone leaders have refused to give Greece more than half of its €130 billion rescue package, saying Athens hasn’t met all the conditions. [Financial Times]
  • The Department of Justice is casting a “wide net” in its inquiry into the sale of home loans by the biggest banks. [Reuters]
  • Tea Party groups claim the IRS is frustrating their attempts to gain tax-exempt status. [Associated Press]
  • President Obama is citing the recent rise in gas prices as he once again calls for an end to tax breaks enjoyed by the oil industry. [The Hill]
  • 26 more states, along with the District of Columbia, have applied for waivers from No Child Left Behind. [Education Week]