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.
- “Greece’s two main political parties reached an agreement late Sunday to form a unity government,” and Prime Minister George Papandreou will step down when the new government takes over. [Washington Post]
- President Obama “embarks on a nine-day trip to Hawaii, Australia and Indonesia on Friday that he will use to highlight U.S.-Asian economic ties.” [Reuters]
- A federal judge “is considering whether to finalize a $410 million settlement in a lawsuit claiming Bank of America charged excessive overdraft fees.” [Associated Press]
- General Motors’ sales in China “jumped 10 percent to a record 220,412 vehicles in October, helped by renewed demand for its minivans.” [Associated Press]
- Large retail companies are planning to hire fewer temporary employees for the holidays than they have in the past. [Reuters]
- Congress is looking at another year long extension of unemployment benefits. [The Hill]
- More small businesses are closing their accounts at big banks. [Huffington Post]
- California’s budget deficit could be as large as $8 billion, “substantially more than the $3.1 billion shortfall projected by Governor Jerry Brown’s office.” [Reuters]
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