Econ 101: May 31, 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.

— The House of Representatives is expected to reject an increase in the nation’s debt ceiling today, “setting the stage for a long summer of heated negotiations.”

— Democrats hitch a ride on the auto industry’s rebound.

— The U.S. homeownership rate “is now back to the level of 1998, and some housing experts say it could decline to the level of the 1980s or even earlier.”


— Bank of America forecloses on one of its own branches.

— Former Senator Judd Gregg (R-NH) joins Goldman Sachs as an international adviser.

— Speaking of Goldman, the mega-bank made a very expensive typo.

— “Two former admissions recruiters at the University of Phoenix have filed a federal whistle-blower lawsuit that accuses the giant for-profit university of continuing to violate a ban on paying recruiters based on the number of students they enroll,” the Chronicle of Higher Ed reports.