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!