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Donor Sues School for $40K After Son Is Rejected

Surgeon claims he was told money would ensure acceptance

(Newser) - A Texas father is suing the Jesuit prep school he attended after it rejected his son—despite an alleged promise of acceptance in exchange for a hefty donation. Michael Bardwil, a vascular surgeon, said he approached Strake Jesuit administrators about ways to ensure acceptance for his son about 5 years... More »

IRS May Cut 401(k) Contribution Limit

(Newser) - Low inflation could force the IRS to decrease the amount workers can contribute to their 401(k) plans to $16,000, USA Today reports. It would mark the first time the government has ever lowered contribution limits. Though a spokesperson says it’s too early for speculation, the IRS may not... More »

At Last, a Win for Romney: $5M in 1 Day

Clinton, McCain seeing millions in post-NH fund-raising bounces

(Newser) - Mitt Romney bagged $5 million in donations yesterday, and aides called the more than 10,000 contributions a “solid affirmation of support” for the second-place New Hampshire finisher, the Boston Herald reports. The candidate said the donation bonanza showed “a continued belief” that he’s the only Republican... More »

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