Friday, May 8, 2009

Daily Briefing, 5/8/2009

Good morning everyone, and a happy Friday to you. Here is what we have in the news today.

In Northampton County, County Executive Stoffa eliminated $6 million from a $22 million bond proposal in an attempt to gain votes for the proposed bond issue. The bond covers a juvenile detention center and repairs to multiple county structures.

Big political news yesterday, as former Governor Ridge announced that he would not seek the Republican nomination for the Senate seat currently occupied by Arlen Specter. Polls had showed Ridge beating former Congressman Pat Toomey for the nomination and very close to or beating Senator Specter.

In national news, the results of bank stress tests were released yesterday. Of the 19 banks, ten were told to raise another $75 million, while the rest were given the all-clear. President Obama announced yesterday that his proposed budget will eliminate 121 federal programs. There was also good news yesterday, as the most recent labor jobs report showed that only 600,000 jobs were cut last month, compared to 663,000 in March.

And that's it! Have a great day and a good weekend and we will catch you later.

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