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The Democratic Congressional Campaign Committee raised a record $22.6 million during the first three months of the year, officials announced Thursday. It ended March with $8.9 million in cash reserves and $4.5 million in debt.
A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.