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Noontime News Roundup – March 29, 2012

March 29, 2012

Noontime & Nighttime News

Noontime News Roundup – March 29, 2012

Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.


Are White House Housing Plans Really Stymied by the Regulator For Freddie and Fannie?

For months now, the White House and the head of the regulator overseeing Fannie Mae and Freddie Mac have clashed over principal reductions for struggling homeowners. The Obama administration says that reducing the amount borrowers owe is essential to the housing recovery. Edward DeMarco, acting director of the Federal Housing Finance Agency, maintains that principal reductions would cost too much for the taxpayer-owned companies.

Campaign Spending Shows Political Ties, Self-Dealing

For an example of the fluidity of campaign finance rules, as well as the tangled web of connections between candidates and super PACs, look no further than the digital consulting firm Targeted Victory.

Senate begins probe of Army’s handling of PTSD cases

WASHINGTON — Fearing that the Army may be mishandling the matter, the top senator on the veterans affairs panel said Wednesday that she has begun an investigation into whether military hospitals across the country are denying treatment to service members with post-traumatic stress disorder because of cost considerations.

Former MF Global Exec Takes 5th At Hearing

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O’Brien would shed some light on the actions of the firm’s CEO, ex-New Jersey Gov. Jon Corzine.

Romney’s Support For Ryan Budget Has Democrats Crying Foul

“There’s only one president in history who’s cut $500 billion out of Medicare, and that’s your guy, Barack Obama,” Romney said recently. “And if I’m president, I’m going to preserve Medicare. I’m not going to cut $500 billion out of the Medicare that we have.”

But here’s the rub: The Ryan budget assumes that very same $500 billion cut. Well, “cut” isn’t the right word; “savings” is more accurate. The reality is that in real dollars, Medicare spending will keep rising — just not by as much.

Can A Small Town Survive Without Its Bank?

Alburgh, Vt., is a town with unusual geography: It’s on a peninsula that borders Quebec and is surrounded by Lake Champlain. Even though the town is small and isolated, its residents have always had somewhere to do their banking.

Study: Paying hospitals based on quality didn’t cut death rates

WASHINGTON — Medicare’s largest effort to pay hospitals based on how they perform — an inspiration for key parts of the 2010 health care law — did not lead to fewer deaths, a new study has found.

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