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Econ 101: March 28, 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.

  • European leaders are expressing more confidence that the Eurozone fiscal crisis is coming to an end. [Bloomberg]
  • Federal Reserve Chairman Ben Bernanke said yesterday that while the economy is improving, “We haven’t quite yet got to the point where we can be completely confident that we’re on a track to full recovery.” [Reuters]
  • House Republicans yesterday scrapped a vote to reauthorize the nation’s highway funding for the second day in a row; the funding expires in three days. [The Hill]
  • Freddie Mac and Fannie Mae may have to pay Michigan millions of dollars after a court ruled that the mortgage giants have dodged their taxes. [NPR]
  • The House yesterday approved the so-called JOBS Act, sending it to President Obama over the objections of those saying it will weaken key investor protections. [Washington Post]
  • How the foreclosure fraud settlement gives banks credits for routine actions that don’t help people keep their homes. [New York Times]
  • Treasury Secretary Tim Geithner yesterday urged conservatives in Congress not to cut U.S. support to the World Bank or International Monetary Fund. [AFP]
  • Austerity continues to pound Great Britain, where GDP shrank by more than expected in the last three months of 2011. [Reuters]

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