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 from both parties made new and competing demands Wednesday in exchange for their votes to raise the nation’s debt limit,” as debt reduction negotiations led by Vice President Biden continued. [Washington Post]
- The Federal Reserve admitted yesterday that the economy is growing “somewhat more slowly than the committee had expected,” but it still plans to pull back its recovery programs on schedule at the end of the month. [Financial Times]
- “The Hispanic-white educational achievement gap has remained wide over the past two decades,” according to a new report from the Department of Education. In a statement, the Department called the report “sobering.” [Reuters]
- Senate Republicans fight over whether cutting tax subsidies counts as a tax increase. [The Hill]
- The race to become the next director of the International Monetary Fund is “all but over,” with French Finance Minister Christine Lagarde looking to be the choice. [Wall Street Journal]
- In Indiana, where Gov. Mitch Daniels (R) brags about strong fiscal stewardship, “Large cracks have opened in [the state's] economic foundation, a sign of just how severe the downturn remains.” [New York Times]
- Michigan’s controversial emergency manager law faces a challenge. [Wall Street Journal]
- Regions Financial Corp. agreed to pay $210 million in a settlement regarding charges that it “fraudulently misled investors about the risks of mutual funds filled with risky subprime mortgages.” [Reuters]
- Small businesses bash a proposal for a corporate tax holiday that has been gaining traction on the right. [Huffington Post]
- “South Carolina may lose about $111 million in federal special education money for cutting its spending on students with disabilities for the last two years,” the Department of Education warned. [Education Week]
- A recent Supreme Court decision may have limited the ability of students — particularly those at for-profit colleges — who feel they’ve been defrauded by their universities to sue. [Chronicle of Higher Education]
- “In less than 40 years India will overtake the US as the world’s second-largest trading nation, pushing today’s superpower into third place and Europe in to the little leagues,” according to economists at Cirigroup. [CNBC]
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