Econ 101: June 29, 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.

  • Euro zone leaders agreed today to emergency actions to bring down Italy and Spain’s borrowing costs. [CNBC]
  • European leaders also agreed to create a single supervisory board for Euro zone banks. [Reuters]
  • Congress may vote today on a package of legislation that includes transportation funding and prevents student loan interest rates from rising. [Associated Press]
  • Corporate profits declined last quarter for the first time since the recession. [New York Times]
  • President Obama has threatened to veto this year’s defense appropriations bill because it violates spending levels set in last year’s debt ceiling deal. [The Hill]
  • The Supreme Court’s health care ruling has implications for education spending. [Education Week]
  • The New York City Council voted to override Mayor Mike Bloomberg’s veto of a living wage bill. [Wall Street Journal]