Econ 101: August 1, 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.

• Congressional leaders agreed to a deal yesterday that will avoid a government funding debate before the November election. [Wall Street Journal]

• Treasury Secretary Tim Geithner said in an interview that Congress should take advantage of extremely low borrowing rates to adopt measures that would boost the economy. [Bloomberg]

• The Postal Service will likely default on a payment for the first time today. [New York Times]

• The Olympics are hurting sales for central London retailers. [Bloomberg]

• Home prices rose for the fourth consecutive month in May. [Reuters]

• House Republican leaders yesterday officially ended their attempt to approve a one-year extension of the current farm bill. [The Hill]

• Federal education officials this week pledged to focus more on outcomes for special education students. [Education Week]

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