Econ 101: May 2, 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 signed legislation to prevent furloughs at the Federal Aviation Administration that were caused by sequestration. [Reuters]
  • The European Central Bank will cut interest rates to record lows to combat its ongoing recession. [Bloomberg]
  • The Federal Reserve may increase its easing efforts amid low inflation if the job market continues to slump. [Wall Street Journal]
  • Republican governors are facing backlash from fellow Republicans over promises to drastically slash or eliminate income taxes. [Wall Street Journal]
  • Obama will formally nominate business executive Penny Pritzker to head the Commerce Department. [Politico]
  • American retailers are rethinking their operations in Bangladesh after a factory collapse there killed more than 400 workers. [New York Times]
  • Federal regulators approved a plan to move forward on new financial regulations on swaps. [The Hill]