Econ 101: January 23, 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 Obama administration said yesterday that it would accept a stopgap increase in the debt limit. [Wall Street Journal]
  • Economists believe that a prolonged debt ceiling debate is a bad idea. [The Hill]
  • A Senate committee plans to hold a hearing on the Federal Aviation Authority’s decision to let Boeing use an airplane battery that is highly flammable. [Reuters]
  • Many corporations’ “foreign” cash is actually kept right in the U.S. [Wall Street Journal]
  • UK Prime Minister David Cameron proposed letting British citizens vote on whether their country stays in the European Union. [Washington Post]
  • Spain’s recession deepened after its latest round of austerity cuts. [Bloomberg]
  • Ron Kirk will step down as the top U.S. trade official in February. [Reuters]