Econ 101: January 11, 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.

  • Mitt Romney won the New Hampshire primary last night with 39 percent of the vote; Ron Paul came in second and Jon Huntsman third. [New York Times]
  • The Commodity Futures Trading Commission is poised to complete new rules for banks that sell derivatives to towns and cities. [Bloomberg]
  • The Federal Reserve turned a profit of $76.9 billion in 2011. [Wall Street Journal]
  • Germany’s economy contracted in the fourth quarter of 2011, sparking recession fears. [Financial Times]
  • The city of Detroit is on pace to run out of money by May. [Reuters]
  • Senate Republicans are considering launching a lawsuit against President Barack Obama’s recent recess appointments. [Reuters]
  • How austerity is preventing an economic recovery in Greece. [Washington Post]
  • Several states are scrambling to prevent unemployment insurance cutoffs. [Huffington Post]