Here’s a roundup of this morning’s must-read budget and economic stories:

The Supreme Court upheld the majority of the 2010 health care reform last yesterday. The court allowed the requirement that individuals purchase health insurance to stand by arguing the mandate is a tax. Bloomberg, The Hill, The New York Times, Washington Free Beacon and The Washington Post have the story.

According to CNBC, the health care law will dampen hiring and investment by small business owners.

National Journal (subscription required) examines how the IRS will implement the new tax.

Bloomberg, The Wall Street Journal and The Washington Post look at how the Supreme Court ruling will affect state Medicaid funding.

Politico says a bill to reauthorize highway spending programs is nearing passage.

The New York Times reports the EU has agreed to use bailout funds to recapitalize struggling European banks.