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Economy

Econ 101: June 13, 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.

  • JP Morgan Chase CEO Jamie Dimon will appear before Congress today to discuss the risky trading that cost his company billions of dollars. [Wall Street Journal]
  • The Justice Department is conducting an antitrust investigation into U.S. cable television companies. [Wall Street Journal]
  • House Democrats are looking to boost the budgets of the government’s main Wall Street regulators. [Bloomberg]
  • Bankers claim that up to $800 million euros are leaving Greek banks daily, as the country heads towards a Sunday election. [Reuters]
  • Senate Majority Leader Harry Reid (D-NV) said he isn’t yet ready to discuss a short term extension of transportation funding, though House Republicans are struggling to craft a long term funding package. [The Hill]
  • Some U.S. towns are offering to pay off student loans as a way of recruiting new residents. [ABC News]

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