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Bank of America to charge debit card use fee

(Reuters) – Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue. U.S. banks have been looking for ways to increase revenue as regulations introduced since the…

Lawmakers race clock to clinch debt limit deal

WASHINGTON (Reuters) – American lawmakers raced against the clock on Sunday to forge a last-minute deal that could raise the U.S. debt ceiling by $2.8 trillion and provide assurance to financial markets that the United States will avoid default. Prospects that a significant package was within grasp brightened after Republican…

Pelosi seen winning House party leader job

Outgoing House of Representatives Speaker Nancy Pelosi appeared to secure the top Democratic leadership spot for next year, as the only lawmaker expected to mount a challenge acknowledged on Sunday that he will not have the support to topple her. “You know, I can add and subtract pretty well. I…

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