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.
- The Senate overwhelmingly voted in favor of advancing legislation that would tax online sales. [Reuters]
- The European Union’s president called for limiting immediate austerity efforts. [Wall Street Journal]
- Seven large banks will reduce the size of executive bonuses tied to performance targets, a change long sought by regulators. [Wall Street Journal]
- Existing home sales fell slightly in March, coming in well short of expectations. [Washington Post]
- A top American regulator called for replacing the LIBOR benchmark interest rate that was at the center of last year’s rate-rigging scandal. [Huffington Post]
- Chinese manufacturing growth slowed in April, leading to concerns that its economy is beginning to falter. [Bloomberg]
- Boeing’s troubled Dreamliners are expected to begin flying again next week. [Reuters]