Econ 101: December 13, 2011

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 House will vote today on Republican-backed legislation tying an extension of the expiring payroll tax cut to construction of the Keystone XL oil pipeline. [Washington Post]
  • Economists and analysts are voicing new concerns that Europe’s fiscal trouble “is spreading to American banks.” [Huffington Post]
  • A new economic forecast finds that “Europe’s debt crisis is leading to weaker job prospects in most major economies, including China.” [CNBC]
  • Former FDIC chair Sheila Bair “is a top candidate among state officials to ensure banks comply with any settlement of a nationwide foreclosure probe.” [BusinessWeek]
  • How Congress’ earmark ban is hurting higher education. [The Hill]
  • Three former executives of the failed mega-bank Washington Mutual have agreed to settle a civil lawsuit “for less than 10% of the $900 million that was sought by federal regulators.” [Wall Street]
  • Jon Corzine, CEO of the failed investment firm MF Global, will testify at a Senate hearing today. [CNN Money]
  • According to the latest data from the Department of Housing and Urban Development, “homelessness among the nation’s veterans declined by about 12 percent” during 2010. [Associated Press]