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Obama, Banks Trade Fire In Debit-Card Debate

President Obama dived into the controversy over Bank of America's plan to start charging a monthly $5 fee for the use of its debit card, suggesting the bank is mistreating its customers. For its part, the bank says the new fee is designed to recoup the billions of dollars it is losing as a result of a consumer protection law.

In Tough Times, How Are Cities Staying Afloat?

While many cities and entire regions of the U.S. are deep in the economic doldrums, the Brookings Institute recently released a list of 20 cities that are doing relatively well. Guy Raz spoke with the mayors of Nashville and Grand Rapids, Mich., about how they're staying afloat.

Ford, UAW Reach Agreement On New Contract

Ford and the UAW have reached a tentative agreement on a new contract. As part of the deal, Ford announced it will hire 5,750 additional workers in the U.S. The deal also includes $6,000 signing bonuses. But entry-level workers will be hired at around $7 an hour, far less than the average wage for veteran UAW workers.

Group Pushes For Corporate Tax Holiday

A group called Win America is pushing the government to allow companies to repatriate hundreds of billions of dollars in cash parked in offshore accounts. Normally, that money would be subject to a tax rate of up to 35 percent. But lobbyists are hoping to strike a deal that would temporarily lower the rate to about 5 percent. Bloomberg Businessweek Magazine published an article that shows how dozens of former congressional aides are part of this effort to help major corporations secure a massive tax break. Guy Raz talks to Jesse Drucker, an investigative reporter for Bloomberg.

Fed Chief Testifies On Capitol Hill

Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill Tuesday that the recovery has been much weaker than expected. He went on to say that Congress also has a role to play in getting the economy back on track. He said fostering healthy growth "is a shared responsibility."

How The Financial Crisis Created A 'New Third World'

In Boomerang, writer Michael Lewis tells the stories of the countries hit hardest by the 2008 financial crisis. He also profiles some people who bet against European governments and are likely to make millions if and when they default.