Econ 101: June 1, 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.

  • Federal regulators are widening their investigation into JP Morgan Chases’s recent trading debacle. [Wall Street Journal]
  • President Obama is increasing pressure on European leaders to find a solution to the Eurozone’s fiscal problems. [New York Times]
  • Euro-area unemployment has reached a new record high of 11.2 percent. [Bloomberg]
  • Almost $100 billion euros in capital has left Spain in the first three months of this year. [Financial Times]
  • First quarter economic growth in the U.S. was revised downward yesterday from 2.2 percent to 1.9 percent. [Financial Times]
  • Republicans have proposed two ways to pay for extending the current interest rate on student loans, which is set to double on July 1. [Washington Post]
  • California lawmakers said in a letter that they believe the top lawyer for the Federal Housing Finance Agency is more concerned about banks than helping homeowners. [Huffington Post]