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Economy

Econ 101: March 20, 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.

  • This morning, Rep. Paul Ryan (R-WI) will unveil the House Republican budget, which is expected to make dramatic changes to Medicare and the tax code [Washington Post]
  • Legislation to ban insider trading by members of Congress, once seemingly assured of passage, has ground to a halt. [The Hill]
  • Sen. Bob Menendez (D-NJ) filed legislation yesterday that would repeal oil tax subsidies. [Politico]
  • The U.S. Treasury made a $25 billion profit from its purchase of mortgage-backed securities during the financial crisis. [LA Times]
  • Republican presidential candidate Rick Santorum rarely talks about the economy in his standard stump speech. [Politico]
  • Treasury Secretary Tim Geithner warned European countries against “draconian” austerity measures. [CNBC]
  • Unemployed workers in multiple states will lose extended benefits in April. [Huffington Post]
  • Homebuilding likely increased to a three-month high in February, economists projected ahead of today’s report. [Bloomberg]

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