Econ 101: December 20, 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.

  • The Treasury Department plans to sell off its remaining shares in General Motors over the next year. [Washington Post]
  • Swiss bank UBS is the first global bank since 1989 to plead guilty to fraud. [New York Times]
  • The House plans to vote today on Speaker John Boehner’s (R-OH) “Plan B,” which would extend the Bush tax cuts on income up to $1 million. [The Hill]
  • Housing starts declined 3 percent last month, but are still up 21.6 percent from this time last year. [Wall Street Journal]
  • The much-reviled Troubled Asset Relief Program (TARP) is getting closer to breaking even for taxpayers. [CNN Money]
  • Senate Republicans want to cut a $60 billion Hurricane Sandy aid bill down to $24 billion. [Reuters]
  • A bipartisan pair of senators want the Government Accountability Office to examine what sort of economic benefits big banks receive due to their size. [The Hill]