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 said today that “he is very encouraged with the progress Europe is making in coming up with a plan to shore up the euro.” [Associated Press]
- The House Financial Services Committee is planning to vote this week on a bill that would ban insider trading by members of Congress. [Wall Street Journal]
- Gov. Andrew Cuomo (D-NY) and New York legislators have “reached an agreement to overhaul New York State’s income tax, creating a higher tax bracket for the highest-income residents and reducing the tax rate for millions of middle-class residents.” [New York Times]
- According to a new study, “high school dropouts on average receive $1,500 a year more from government than they pay in taxes because they are more likely to get benefits or to be in prison.” [Reuters]
- According to credit reporting agency TransUnion, mortgage delinquencies should drop sharply next year. [Associated Press]
- Mega-bank Citigroup announced that it will be laying off 4,500 workers in the coming months, leaving it with about 100,000 fewer employees than it had at the end of 2007. [New York Times]
- An email that circulated last night claiming that the SEIU had withdrawn its endorsement of President Obama was a hoax. [The Hill]
- According to a report from the Government Accountability Office, vacant homes have become a severe financial burden on communities across the country. [Huffington Post]
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