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.
- President Obama and Congressional leaders will open budget negotiations today in a meeting at the White House. [Wall Street Journal]
- BP settled criminal charges related to the Gulf Oil Spill for $4 billion, the largest criminal payment in American history. [Washington Post]
- The Federal Housing Administration is facing a $16.3 billion shortfall and may need a taxpayer rescue. [New York Times]
- China’s new leaders may be forced to make reforms to the country’s economy. [Reuters]
- The Senate confirmed two appointees to the FDIC yesterday, giving the agency its first director since July 2011. [Washington Post]
- Federal regulators will appeal a court decision that halted the implementation of some new financial regulations. [The Hill]
- American workers both receive and use less vacation time than workers in other countries. [CNN Money]