Good morning everyone! We hope you had a great weekend. Here is today's Daily Briefing.
In Bethlehem, the Loop, a shuttle that takes riders around the city, has been exceeding expectations for ridership. The article also quotes Lynn Logue, Vice President of Bethlehem Initiatives for The Chamber.
In state-wide news, a budget breakthrough was reached - only to be shot down by Governor Rendell. Senate Democrats, Senate Republicans and House Democrats all agreed to a compromise budget, which Governor Rendell said he would veto, saying that it didn't meet his expectations for spending and wasn't realistic. Yesterday, legislators sat down with the Governor to negotiate the budget. Meanwhile, in political news, President Obama will be in Philadelphia for a fundraiser with Senator Specter. The event will be tomorrow at the Philadelphia Convention Center.
In national news, today is the one-year anniversary of the Lehman Brothers collapse. To that end, President Obama is expected to give a major speech, announcing that it is time to scale back bank rescue efforts.
We have one Chamber event today: a ribbon cutting for Zoup on Airport Road in Allentown.
Business Matters airs today - the topic is free trade in America. You can catch the show on WFMZ at 8:00pm today, and don't forget to join in the debate at the Business Matters blog.
And that's it! Have a great day and we will see you later.