Econ 101: December 5, 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 Eurozone’s manufacturing and service sectors shrank for the 10th straight month in November. [Bloomberg]
  • President Obama plans to enlist the business community to help him prevent another debt ceiling standoff. [Financial Times]
  • An eight-day strikes at the Los Angeles port ended late last night. [Wall Street Journal]
  • A Federal Reserve official is continuing his push to limit bank size. [Washington Post]
  • The Senate approved a $631 billion defense spending bill yesterday by a vote of 98–0. [New York Times]
  • The Senate plans to take up a bill that would normalize trade relations with Russia. [Associated Press]
  • Rep. Maxine Waters (D-CA) will take over as ranking member of the House Financial Services Committee. [The Hill]
  • In the last year, the government recovered a record amount of money from companies that filed false claims against the government. [Associated Press]