Econ 101: July 11, 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.

  • Speaker of the House John Boehner (R-OH) might block the latest version of the farm bill. [The Hill]
  • JP Morgan Chase is planning to claw back millions of dollars in compensation from the workers responsible for the banks’ $9 billion trading bust. [Wall Street Journal]
  • China is boosting government spending in order to combat its current economic slowdown. [Wall Street Journal]
  • Spain yesterday unveiled new austerity measures aimed at reducing its deficit by €65 billion over the next two and a half years. [Washington Post]
  • A new definition of swaps required by the Dodd-Frank financial reform law was approved by regulators yesterday. [Bloomberg]
  • Another California city — this time San Bernandino — has filed for bankruptcy. [CNBC]
  • How lousy public transportation keeps low-income Americans from working. [Huffington Post]