Econ 101: July 9, 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.

  • President Obama today plans to call for another one-year extension of the Bush tax cuts, but only for those making less than $250,000. [New York Times]
  • The European Union is formulating new regulations in response to the Barclays interest rate rigging scandal. [Financial Times]
  • Bailed out insurance giant AIG is suing the U.S. government for $30 million. [The Hill]
  • A House committee will mark up a bill this week that cuts billions of dollars out of the food stamp program. [The Hill]
  • European finance ministers plan to give beleaguered Spain an extra year to hit its deficit targets. [CNBC]
  • The same high-speed trading tools used by Wall Street traders are now being used by sellers on [Financial Times]
  • North Carolina’s attorney general is investigating Duke Energy, after the electric company let go of its CEO hours after a big merger. [Associated Press]