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 Federal Reserve Bank of New York may have known about London’s interest rate rigging scandal — centered on Barclays bank — as early as 2007. [Reuters]
- The European Union has authorized €100 billion to shore up Spanish banks. [Bloomberg]
- The Organization for Economic Cooperation and Development is projecting that unemployment in developed economies will remain high longer than previously estimated. [Wall Street Journal]
- The Consumer Financial Protection Bureau yesterday proposed new rules aimed at reining in high-risk mortgages. [CNN Money]
- Senate Democrats are promoting a new package that would give companies tax breaks for hiring new workers or increasing wages. [Associated Press]
- Regulators will vote today on a rule requiring big banks to trade swaps through a central clearinghouse. [Wall Street Journal]
- Lawmakers in California and Northern Virginia last week voted to support railway projects identified by the Obama administration as critical. [The Hill]