Econ 101: October 24, 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.

  • The European Union has backed plans for 10 countries to implement a financial transactions tax. [BBC]
  • White House Press Secretary Jay Carney said yesterday that spending cuts included in the so-called sequester were “never meant to be implemented.” [Wall Street Journal]
  • Debt collectors will come under federal supervision for the first time next year. [New York Times]
  • Europe’s manufacturing sector is having its weakest month in more than three years. [CNN Money]
  • The Federal Reserve is not expected to announce any major policies after its meeting this week. [Associated Press]
  • By one measurement, the housing sector has hit a post-recession high. [The Hill]
  • European Union regulators are charging Microsoft for failing to provide consumers a choice of web browsers. [Reuters]