Econ 101: February 11, 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.

  • President Obama is considering using an executive order to help underwater homeowners. [Washington Post]
  • The OECD estimates that economic growth will remain sluggish in many large countries this year. [Wall Street Journal]
  • American Airlines and US Airways are expected to announce a merger this week. [Financial Times]
  • Big cities alone lost hundreds of millions of dollars in economic activity due to the blizzard that battered the Northeast over the weekend. [CNN Money]
  • Jack Lew, nominated to be the next Treasury Secretary, is scheduled to face his confirmation hearing this week. [Reuters]
  • The Department of Housing and Urban Development finalized new rules meant to prevent discriminatory lending. [The Hill]
  • Scandal-plagued bank Barclays plans to close a division that was notorious for helping clients avoid taxes. [BBC]
  • State workers will be experiencing a much smaller social safety net. [CNN Money]