Econ 101: September 10, 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.

  • A German court this week could rule that Germany is not able to contribute to Europe’s financial rescue fund, dealing a serious blow to the continent’s fragile economy. [New York Times]
  • Chicago’s public school teachers will go on strike today for the first time in 25 years. [Reuters]
  • The Treasury Department is planning a new sale of its stock in insurance giant American International Group, which would make the government a minority shareholder in the company. [New York Times]
  • France is preparing to roll out a budget that includes €20 billion in new taxes and €10 billion in spending cuts. [Wall Street Journal]
  • A growing Mexican middle class is buying more U.S. made goods than ever before. [Washington Post]
  • Congress returns to Washington today after a five-week recess, but is expected to accomplish little. [Reuters]
  • The Federal Communications Commission is backing away from a plan to tax broadband internet service. [The Hill]