Econ 101: March 27, 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.

  • President Obama signed a funding bill to avert a government shutdown. [The Hill]
  • Housing prices increased at their fastest year-over-year pace since 2006 in January. [CNBC]
  • Monthly auto sales are likely to hit a five-year high in March. [Wall Street Journal]
  • The Federal Reserve has ordered Citigroup to improve its policing of money laundering. [Reuters]
  • Large banks’ legal tab for mortgage and foreclosure abuse and rate-rigging scandals is likely to top $100 billion total. [Wall Street Journal]
  • Bank closures meant to avoid runs on deposits are hurting Cyprus’ businesses. [Washington Post]
  • European regulators are investigating big banks’ activity in the derivatives market. [New York Times]