Tumblr Icon RSS Icon

Econ 101: December 20, 2012

By Pat Garofalo  

"Econ 101: December 20, 2012"

Share:

google plus icon

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 Treasury Department plans to sell off its remaining shares in General Motors over the next year. [Washington Post]
  • Swiss bank UBS is the first global bank since 1989 to plead guilty to fraud. [New York Times]
  • The House plans to vote today on Speaker John Boehner’s (R-OH) “Plan B,” which would extend the Bush tax cuts on income up to $1 million. [The Hill]
  • Housing starts declined 3 percent last month, but are still up 21.6 percent from this time last year. [Wall Street Journal]
  • The much-reviled Troubled Asset Relief Program (TARP) is getting closer to breaking even for taxpayers. [CNN Money]
  • Senate Republicans want to cut a $60 billion Hurricane Sandy aid bill down to $24 billion. [Reuters]
  • A bipartisan pair of senators want the Government Accountability Office to examine what sort of economic benefits big banks receive due to their size. [The Hill]

‹ Interest Rate Rigging By Big Banks May Have Cost U.S. Taxpayers Billions Of Dollars

Nearly 1 Million Workers Will Receive A Pay Boost In January Due To Minimum Wage Increases ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.