March 10

“All you need to know to navigate today’s economic debate.”

Bank of America to End Overdraft Fees on Debit Purchases (NYT)
Bank of America said on Tuesday that it was doing away with overdraft fees on purchases made with debit cards, a decision that could cost the bank tens of millions a year in revenue and put pressure on other banks to do the same.

Dollar Optimism Soars to 18-Month High as U.S. Outpaces Europe (Bloomberg)
Investors are the most bullish on the dollar since the collapse of Lehman Brothers Holdings Inc. on speculation the U.S. economy will expand at a faster pace than in Europe and Japan.

A Consumer Bill Gives Exemption on Payday Loans (NYT)
Senator Bob Corker pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders.

Greek Crisis Is Over, Rest of Region Safe, Prodi Says (Bloomberg)
The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.

GOP: Aim Low on Wall St. Reform (MotherJones)
Andy Kroll examines the GOP’s response to financial reform legislation.

Kucinich: ‘Heads They Win, Tails We Lose’ (TruthDig)
An interview with Rep. Dennis Kucinich on why he “isn’t buckling under pressure to vote for the president’s health care reform bill.”

Way Too Big To Save (BaselineScenario)
Simon Johnson on why “too big to fail” may not be the primary threat to an American economy.