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Econ 101: July 13, 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.

  • In 2008, current Treasury Secretary Tim Geithner pushed London regulators to reform LIBOR, the interest rate at the center of an ever-growing manipulation scandal. [Washington Post]
  • Democratic senators are calling for a more vigorous investigation into the LIBOR mess. [Reuters]
  • Wells Fargo has agreed to pay $175 million to settle charges that it discriminated against minority borrowers. [New York Times]
  • Speaker of the House John Boehner (R-OH) and presumptive GOP presidential nominee Mitt Romney disagree on how to handle China’s currency manipulation. [Reuters]
  • Competing small business tax cut bills failed to pass the Senate yesterday. [Politico]
  • China’s economic growth fell to a three year low in the last quarter. [Washington Post]
  • A House Republican split may delay passage of the latest farm bill, which includes deep cuts to food stamps. [New York Times]
  • Many working veterans can’t afford housing, according to a new report. [CNN Money]
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