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Econ 101: June 28, 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.

  • The U.S. “will need an additional 20 million workers with at least some postsecondary education over the next 15 years to meet future economic requirements and to reduce income inequality,” according to a new report from the Georgetown University Center on Education and the Workforce. [Chronicle of Higher Education]
  • The Obama administration has said that it won’t push for an end to the Bush tax cuts for the wealthy during debt ceiling negotiations. [The Hill]
  • A number of anti-poverty groups wrote in a letter to President Obama yesterday that any deficit reduction package “should follow in the footsteps of budget packages in recent decades that looked to protect anti-poverty programs.” [The Hill]
  • A retired Florida man is mistakenly foreclosed upon and loses all his belongings. [St. Petersburg Times]
  • President Obama and congressional lawmakers “plan to announce this week an agreement to revive trade-adjustment assistance for unemployed workers who have lost their jobs because of overseas trade.” [Politico]
  • A group of 81 corporations is fighting a provision of the Dodd-Frank law that requires companies to disclose how much more their CEOs make in compensation than their average worker. [Washington Post]
  • The new Consumer Financial Protection Bureau “outlined six areas that could be subject to its supervision, including debt-collection firms and prepaid-card companies, as it asked for public comment on which nonbank financial firms it should oversee.” [Wall Street Journal]
  • Workers in Greece launched a “48-hour general strike as lawmakers debate a new round of austerity reforms, which must be passed if the country is to get crucial bailout funds.” [Washington Post]
  • California lawmakers begin voting on Gov. Jerry Brown’s (D) budget today. [Bloomberg]
  • Rep. Sander Levin (D-MI), the ranking member on the House Ways and Means Committee, said that he will actively oppose the pending Colombia free trade agreement “unless legislation implementing it was changed to include a labor ‘action plan’ intended to improve worker rights in Colombia.” [The Hill]

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