Econ 101: December 12, 2012

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 told House Republicans that he is willing to include an overhaul of the corporate tax code in a larger budget deal. [Wall Street Journal]
  • The Federal Reserve is expected to announce an expansion of its efforts to boost the economy today. [Reuters]
  • FedEx has been systematically overcharging its customers for years. [Bloomberg]
  • Sixteen school districts will share $400 million in the latest round of the Obama administration’s Race to the Top program. [Education Week]
  • U.S. exports dropped by their largest amount in four years in October. [Wall Street Journal]
  • Britain made its first arrests in connection with the LIBOR rate rigging scandal yesterday. [New York Times]
  • Chinese investors have spent a record high $10.5 billion acquiring American companies this year. [CNN Money]
  • Eurozone factory output continues to fall. [Reuters]