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.
- “This summer there has been a drumbeat of food-related illnesses,” but the Food and Drug Administration is not likely to receive enough funding to implement a landmark food safety law passed last December. [The New York Times]
- Goldman Sachs CEO Lloyd Blankfein “has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank.” [Reuters]
- According to a new survey, “salaried U.S. workers can expect another year of modest raises in 2012.” [Associated Press]
- The White House today will release plans “for ending or cutting back hundreds of regulations, an effort to reduce the burden on business and counter criticism that the White House is tone-deaf to business concerns.” [Wall Street Journal]
- The president of the credit rating agency Standard & Poor’s is stepping down “only weeks after the rating agency issued an unprecedented downgrade of the credit of the United States.” [Financial Times]
- The percentage of U.S. mortgages that are overdue by one month “rose to the highest level in a year in the second quarter as homeowners who lost jobs were unable to make their payments.” [Bloomberg]
- Nearly 750,000 disability cases are “awaiting a hearing and decision by the Social Security Administration,” up 7.5 percent from a year ago. [ProPublica]
- 2012 presidential hopeful Mitt Romney said yesterday that he’ll unveil a job plan on Sept. 6 in Nevada. [The Hill]
- Mega-bank UBS, following in Bank of America’s footsteps, will lay off 3,500 workers. [CNBC]
- House Budget Committee Chairman Paul Ryan (R-Wis.) “has a penchant for creating [tax] loopholes when it comes to helping out his biggest donors.” [Huffington Post]
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