Econ 101: September 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.

  • Hundreds of billions of dollars in deposits are being pulled out of European banks, further harming the continent’s economy. [Bloomberg]
  • The Justice Department is asking for more time to complete its investigation of the LIBOR rate rigging scandal. [Wall Street Journal]
  • Median income fell or was flat in nearly every state last year, according to new data from the Census Bureau. [Wall Street Journal]
  • Federal Reserve Chairman Ben Bernanke briefed Senate lawmakers on the so-called “fiscal cliff” yesterday. [Marketwatch]
  • State tax collections are up for a tenth straight quarter. [CNBC]
  • Sales of existing homes hit their fastest pace in two years over the summer. [The Hill]
  • The Senate Finance and House Ways and Means committees will hold a joint hearing on the capital gains tax today. [The Hill]
  • High school graduation rates for black males have steadily increased over the last decade, but still trail far behind graduation rates for white males. [Education Week]