Econ 101: January 16, 2013

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 House finally approved a relief package for victims of Hurricane Sandy, despite most Republicans voting no. [Washington Post]
  • Taxpayers are facing a record bill for crop insurance after the worst drought in 50 years plagued large swathes of the U.S. [New York Times]
  • New York City school bus drivers went on strike to protest a lack of job protection. [Associated Press]
  • The Treasury Department has stopped investing in a retirement fund for federal employees due to the looming debt ceiling. [The Hill]
  • Bank of America is set to end its retreat from the U.S. mortgage market. [Wall Street Journal]
  • The German government has lowered its forecasts for 2013 economic growth. [Associated Press]
  • Goldman Sachs has abandoned a plan to alter the timing of its bonuses in order to avoid taxes. [Reuters]