CNN Money: Top business headlines for Sept. 16

    5:27 AM, Sep 16, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Stacey Delikat has your top business and financial news on this Monday, September 16.

    Obama admits 95% of income gains gone to top 1%
    President Obama has been loud and clear about his fight against income inequality, but he admitted that the rich have fared far better than the poor during his time in the White House. In an interview that aired Sunday on ABC's "This Week with George Stephanopoulos," the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.

    We're almost break even on the bailout
    Five years later, taxpayers still haven't broken even on the $698.2 billion in government bailouts issued during the financial crisis. But we're getting close. The bailouts, which include money disbursed through TARP as well as other funds used to shore up Fannie Mae, Freddie Mac and AIG, may even show a profit by the time the sixth anniversary arrives. So far, Treasury and the Federal Reserve have recouped $670 billion of those funds. That's far more than could have been imagined in the dark days of 2008.

    Social Security makes $1.3 billion in overpayments
    The Social Security Administration has paid an estimated $1.3 billion in disability insurance payments to thousands of people who weren't eligible for the benefits, a government watchdog report finds.  About 36,000 people have received "potential overpayments" from the agency between December 2010 and January 2013, the Government Accountability Office reported. Disability insurance benefits are generally available to Americans who have been determined to be physically or mentally impaired by a long-term condition that prevents them from being able to work.

    United to honor free fares
    United Airlines says it will honor tickets it mistakenly sold for as little as $5 on Thursday.  Customers on United's website were able to book tickets Thursday for only the cost of airport and security fees before the airline fixed the problem. As a result, a number of lucky travelers snagged flights for between $5 and $10. United says the issue stemmed from human error rather than a computer glitch.



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