Econ 101: March 15, 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.

  • JP Morgan misled regulators on its $6 billion London Whale trading loss, a new Senate report says. [New York Times]
  • The Senate Budget Committee approved Democrats’ budget on a party-line vote. [The Hill]
  • The Federal Reserve is expected to maintain its monetary stimulus policies when it meets next week. [Reuters]
  • Michigan took over the city of Detroit’s finances Thursday in what Gov. Rick Snyder (R) called the “Olympics of restructuring.” [Reuters]
  • The Consumer Financial Protection Bureau wants to expand its oversight over student loans. [The Hill]
  • JP Morgan and Goldman Sachs do not have sufficient capital plans, the Federal Reserve said in announcing results of its second round of stress tests. [Bloomberg]
  • Boeing says its embattled 787 Dreamliner could be flying again “in weeks.” [Reuters]