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Romney Plan Would Bankrupt Medicare By '16

Experts say restoring reimbursements would hasten its decline

(Newser) - Mitt Romney often promises to restore $716 billion in Medicare funding cut by the Affordable Care Act, but many experts say that pledge is, in the words of one economist, "both puzzling and bogus." That's because what Romney would be "restoring" wouldn't be funds but... More »

Christie Repays New Jersey for 2 Chopper Flights

But he dismisses controversy as 'political theater'

(Newser) - After drawing national attention for a helicopter ride to his son’s baseball game, New Jersey’s Chris Christie will reimburse the state for that trip and a second similar one, the Star-Ledger reports. But he still thinks the whole mess is "political theater" dredged up by the media.... More »

Qatar Should Reimburse US for Bomb Scare: GOP Rep.

Incident cost military, law enforcement thousands

(Newser) - The government of Qatar should foot the bill for the bomb scare aboard a Denver-bound airliner, a top Republican congressman says. “A lot of people kicked into action last night based on a perceived threat,” Michigan Rep. Pete Hoekstra, the ranking Republican on the House intelligence committee, noted... More »

GM Will Advance Cash to Clunkered Dealers

(Newser) - General Motors will start making temporary loans to dealers who have yet to be reimbursed by the federal government under the Cash for Clunkers plan, the Wall Street Journal reports. Dealers, some now irate, essentially did the same thing for customers participating in the trade-in plan—covering the government rebate... More »

Ousted Thain to Repay $1.2M Spent on Office

Lush renovation was a 'mistake,' says ex-Merrill CEO

(Newser) - Former Merrill Lynch CEO John Thain says he’ll repay the $1.2 million he spent on office renovations last year, Bloomberg reports. “The expenses were incurred over a year ago in a very different environment,” Thain wrote in a memo to Merrill execs. “They were a... More »

Flight 1549 Passengers Get $5K to Offset Lost Luggage

Investigation means possessions aren't coming back soon ... if they're even salvageable

(Newser) - Saying that passengers of Flight 1549 will not get their belongings back for months, if ever, US Airways sent each $5,000, CNN reports; the airline also provided “an obvious reimbursement” of the ticket price. As part of the investigation, all luggage must be weighed in its “current... More »

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