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Economy

Econ 101: May 24, 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.

  • Senate Democrats are planning a vote on the Paycheck Fairness Act, which is aimed at helping to close the gender pay gap. [Politico]
  • European leaders have delayed any decision on bolstering the region’s banks. [Financial Times]
  • Freddie Mac is forcing Bank of America to buy back $330 million in mortgage securities. [Wall Street Journal]
  • Regulators and lawmakers are investigating whether Facebook’s bankers gave valuable information about the company’s public offering to select investors. [New York Times]
  • More than 30 percent of borrowers are underwater on their mortgages, according to the latest data. [CNN Money]
  • Due to Congress’ failure to pass a transportation funding bill, more states are looking to tolls to pay for infrastructure. [Associated Press]
  • Economists believe China will launch “aggressive” stimulus measures to combat deteriorating growth. [CNBC]
  • The Consumer Financial Protection Bureau is looking to craft regulations governing prepaid debit cards. [Huffington Post]

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