Econ 101: January 29, 2013

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.

  • A Treasury watchdog criticized the department for approving large executive pay packages at bailed out companies. [Washington Post]
  • California labor regulators have ordered a company that supplies Walmart and other retailers to pay $1.2 million for labor law violations. [Los Angeles Times]
  • U.S. regulators want any settlement with Royal Bank of Scotland over alleged rate rigging to include the bank pleading guilty to criminal charges. [Wall Street Journal]
  • Taxpayers eligible for a pair of education credits will have to wait until February to receive them, according to the IRS. [Wall Street Journal]
  • Mortgage giant Fannie Mae plans to let some underwater borrowers walk away from their homes. [Bloomberg]
  • The Senate finally approved a $50 billion aid package for the areas hit by Hurricane Sandy. [Bloomberg]
  • A new report claims that half of all workers with a college degree are overqualified for their current job. [Christian Science Monitor]