Former Sen. Chuck Hagel, seen here in 2008, is reported to be President Obama's pick to be the next defense secretary. Dave Weaver/AP hide caption

A customer uses a Bank of America ATM in Los Angeles. The bank plans to start charging a $5 monthly fee for customers who use their debit card for purchases starting early in 2012. ATM transactions would still be free. Kevork Djansezian/Getty Images hide caption