Econ 101: March 25, 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.

  • Cyprus and the European Union reached an agreement to bail out the nation’s banks. [Reuters]
  • The Federal Aviation Administration will close 149 air traffic control towers because of automatic budget cuts. [Associated Press]
  • The International Monetary Fund will reportedly cut its 2013 growth forecast for the American economy. [Reuters]
  • The Senate passed Democrats’ budget plan Saturday. [The Hill]
  • The number of government jobs has shrunk by 740,000 since the start of the recession ended, according to new Labor Department data. [Wall Street Journal]
  • The number of suburban Americans in poverty grew 64 percent between 2000 and 2011, according to a new study. [Huffington Post]
  • Even as its stock price has fallen, Swiss bank Credit Suisse is increasing its chief executive’s pay by 34 percent. [New York Times]