Econ 101: March 30, 2012

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"Econ 101: March 30, 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.

  • Both the House and Senate passed a stopgap 90 day reauthorization of transportation funding, after House Republicans rejected the Senate’s bipartisan bill. [Associated Press]
  • Congressional Republicans are considering moving a contentious debate on taxes to before the November election. [Politico]
  • Major Wall Street banks are preparing for credit downgrades. [New York Times]
  • Following a audit critical of its labor practices, Apple products manufacturer Foxconn has pledged to increase pay and curtail labor violations at its Chinese plants. [New York Times]
  • The Senate confirmed three nominees for financial regulatory positions yesterday, though it refused to install Martin Gruenberg as the head of the Federal Deposit Insurance Corp. [Financial Times]
  • The Congressional Budget Office again revised down its cost estimate for the Troubled Asset Relief Program (TARP). [The Hill]
  • Bank of America sold debt to collectors despite knowing its records were faulty. [American Banker]
  • Eurozone countries are bolstering their financial rescue fund in a bid to protect Spain and Italy from more debt woes. [Bloomberg]
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