Econ 101: April 19, 2012

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"Econ 101: April 19, 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.

  • The potential closing of up to 250 U.S. postal offices is worrying some businesses. [CNN Money]
  • House Republicans on the Agriculture Committee yesterday advanced a bill cutting $33 billion from the food stamp program. [Reuters]
  • Big investors are betting that the Federal Reserve will do more to boost the economy. [Financial Times]
  • The Obama administration said yesterday that it won’t sign off on any appropriations bills that adhere to the spending levels in the House Republican budget, which are lower those those agreed to in the deal that raised the debt ceiling last summer. [The Hill]
  • During negotiations over Instagram, Facebook executives revealed that they believe their company is worth about $104 billion. [New York Times]
  • Two Senate Democrats have proposed a bill aimed at preventing for-profit colleges from using federal funds for marketing and recruitment. [Inside Higher Ed]
  • Socialist candidate Francois Hollande has promised to raise France’s minimum wage if he wins next month’s presidential election. [Bloomberg]
  • The House yesterday passed yet another stop-gap transportation funding measure, this time including approval of the controversial Keystone XL pipeline. [New York Times]
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