Econ 101: March 27, 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.

  • House Republicans dropped plans to approve a short-term reauthorization of transportation funding; the current round of funding expires on March 31. [Washington Post]
  • For the first time, total U.S. exports to China have topped $100 billion. [Politico]
  • Stockton, California, may be headed for the biggest municipal bankruptcy in U.S. history. [Time]
  • Deutsche Bank has agreed to pay $32.5 million to settle claims that it lied about mortgage securities it sold. [Bloomberg]
  • Executives want the Federal Reserve to release all of its methodology for the stress tests that it performed on the nation’s biggest banks. [Wall Street Journal]
  • How debt collectors are profiting from the explosion in student loans. [Bloomberg]
  • A survey shows that eight in ten school districts say they are inadequately funded. [CNN Money]
  • The ultra-conservative Republican Study Committee will release its budget today. [The Hill]