"Econ 101: March 8, 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 largest U.S. companies increased their offshore cash holdings by $183 billion last year. [Bloomberg]
- The Federal Reserve yesterday said that most major U.S. banks — with the exception of Ally Financial — have enough capital to survive an economic downturn. [Wall Street Journal]
- Furloughs due to the so-called “sequester” will vary widely by government agency. [Associated Press]
- Senate Democrats are putting together a government funding measure that would allow the Obama administration some flexibility to implement sequester cuts. [Reuters]
- Consumer borrowing is at an all-time high. [The Hill]
- The Securities and Exchange Commission is planning to write new rules governing high-frequency trading. [The Hill]
- Several states are investigating whether major banks helped debt collectors pursue faulty claims. [Reuters]