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Econ 101: September 27, 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.

  • Treasury Secretary Tim Geithner yesterday “predicted that European governments will step up their response to their region’s debt crisis after a chiding from counterparts around the world.” [Bloomberg]
  • The Senate reached a bipartisan deal last night on a continuing resolution to avoid a government shutdown, “sidestepping a bitter impasse over disaster financing.” [New York Times]
  • Federal Reserve Board Governor Sarah Bloom Raskin defended the central bank from GOP attacks yesterday, saying that its “strong efforts helped control the nation’s unemployment and were ‘completely appropriate.’” [The Hill]
  • A new report from Complete College America shows that “despite decades of steadily climbing enrollment rates, the percentage of students making it to the finish line [with a college degree] is barely budging.” [New York Times]
  • The latest National League of Cities’ report on municipal finances shows that “fiscal condition of cities continues to weaken in 2011,” and “in response, cities are continuing to cut personnel, infrastructure investments and key services.” [Politico]
  • International financial regulators “are set to rebuff heavy lobbying by banks and stick with a plan to require some of the world’s largest financial institutions to hold extra capital.” [Wall Street Journal]
  • The Department of Labor has announced $500 million in grants that will go to 49 community colleges. [Inside Higher Ed]
  • House Budget Committee Chairman Paul Ryan (R-WI) said yesterday that he plans “to unveil reforms this fall on a new budgeting process for Congress.” [The Hill]

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