Econ 101: July 20, 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.

  • In a new report, the White House proposed making it easier to discharge student debt in bankruptcy. [Wall Street Journal]
  • Banks being investigated in the LIBOR rate rigging scandal are considering a group settlement with regulators. [Reuters]
  • Eurozone finance ministers appear likely to approve a loan to Spain for the purpose of recapitalizing Spanish banks. [Reuters]
  • In 2010, Mitt Romney saved himself hundreds of thousands of dollars in taxes by shifting stock to a non-profit. [Huffington Post]
  • The U.S. government is selling off assets it acquired during the 2008 financial rescue at a faster pace. [Wall Street Journal]
  • Microsoft reported its first loss since becoming a public company in 1986. [Financial Times]
  • Senate Majority Leader Harry Reid (D-NV) predicted that an online sales tax measure could pass Congress by the end of the year. [The Hill]