Tuesday, September 1, 2009

Daily Briefing, 9/1/2009

Good morning everyone, and a happy September to you! Here is today's Daily Briefing.

The unemployment rate in the Valley held steady last month at 9%, although first-time unemployment claims were the lowest of 2009. PennDOT will not widen Route 22 - instead, they will make renovations to the Macarthur Road interchange and do bridge repairs to the Lehigh River Bridge.

In state-wide news, former Secretary of Homeland Securtiy (and Pennsylvania Governor) Tom Ridge made headlines, when in his book he claimed that politics influenced the decision to raise the terror alert shortly before former President Bush's reelection in November 2004. The former Secretary is now back-tracking on those words, saying that he isn't "second guessing" his colleagues. In other news, a survey by the National League of Cities notes that more than nine in ten cities have cut spending as a result of the economic recession, with 2010 and 2011 looking bad as well. There is some good news today, as banks that the government invested in after the 2008 have made a profit for the U.S. government of about $4 billion. This comes after TARP investments have been paid back.

We have one Chamber event today: a question and answer session with Senator David Argall (R-29).

Business Matters aired yesterday - the show was a one-on-one interview with Congressman and Senate candidate Joe Sestak (D-7). The show will be available online later today, and you can head over to the Business Matters blog to join in the very active conversation.

That's it for today - have a great day and we'll talk to you later!

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