Thursday, May 7, 2009

Daily Briefing, 5/7/2009

Good morning everyone! Here is today's Daily Briefing.

In Allentown, it appears that a woman returning from Mexico had the H1N1 virus - she has recovered and is just fine now. This is the first Lehigh Valley case of the disease.

Pennsylvania and Arlen Specter got bad news yesterday, as the Senate Democrats stripped the new Democrat of his seniority yesterday, effectively making him the most junior Senator in that body.

In national news, President Obama will seek $17 billion in budget savings by eliminating 121 programs from the federal budget. This amounts to 1/2 of 1% of the federal budget. And, results from the bank stress tests will be fully released today - some of the leaks about this information have shown that some banks still need to raise more capital - but are unlikely to get it from the federal government.

In Chamber news, the Allentown Chamber of Commerce held its annual dinner yesterday, honoring former Mayor Joe Dadonna and handing out scholarships.

And that's it for today! Have a great day and we'll catch you later.

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