Wednesday, August 11, 2010

Daily Briefing, 8/11/2010

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

Former President Bill Clinton was in the state yesterday, attending a rally for Joe Sestak and a fundraiser for John Callahan.  As the former President visited, Hillary Clinton's campaign paid a $15,000 debt it owed to the Bethlehem Area School District for the former Presidential candidate's visit.  Speaking of Bethlehem, an independent audit shows that the city finished 2009 with a $5 million deficit.  In Catasauqua, Wachovia has left the Borough, leaving a building it has occupied for 100 years and leaving the Borough without a bank.  With the expiration of federal tax credits, July home sales in the Valley dropped 48% compared to June of 2010 and 40% compared to July 2009.

In national news, former Alaska Senator Ted Stevens and four others were killed in a plane crash yesterday.  In a statement yesterday, U.S. Federal Reserve warned the that economic recovery is weakening.  The House of Representatives yesterday approved legislation that gives states $26 billion for Medicare and teachers - the President signed the bill later in the day.

That's it for now!  We will be back later today.  Have a good one!

1 comment:

Jon Geeting said...

I am surprised you didn't mention that Charlie Dent voted against FMAP. If he had gotten his way it would have been a major anti-stimulus and an economic disaster for the state.