The future is electric, why banks are reducing overdraft fees, and U.S. political dynamics following the midterm elections.
November 10, 2022 Editor’s note: Thank you for reading the Brookings Brief! We are taking a short break for the Veterans Day holiday in the United States. Please look out for the next edition in your inbox on Saturday, November 12. | What do the 2022 midterms mean for 2024? “The midterm elections have set the stage for a titanic struggle between Trump and DeSantis for the Republican nomination and have made it more likely that the winner of this contest will face an incumbent Democratic president who has avoided a damaging challenge to his re-nomination,” writes William Galston. Read more | Getting over overdraft After decades of racking up major profits off overdrafts, many banks—including most of the largest banks—have announced sweeping changes that will sharply reduce costs for their customers. What spurred these moves? Aaron Klein discusses in his new report. Read more | Listen: The future is electric The costs of wind and solar electricity have plummeted in recent years: they are no longer cool and expensive, but are actually cool and cheap—and in many cases cheaper than the fossil fuel electricity they replace. On the latest episode of Climate Sense, Samantha Gross and expert guests explain how electricity is evolving and what its uses are. Listen to the podcast | The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. | |