With four casinos shutting down in Atlantic City by October, New Jersey is suddenly awash in plans for, well, more casinos. The NYT reports.» Read More
S&P could downgrade New Jersey again because of budgetary imbalance and underfunded pensions, putting it among the three worst-rated states.
June 2- New Jersey could be downgraded again because of its growing budgetary imbalance and underfunded public pension, Standard& Poor's Ratings Services warned on Monday. That put New Jersey among the three lowest-rated states, along with California and Illinois.
June 2- New Jersey could be downgraded again because of its growing budgetary imbalance and underfunded public pension, Standard& Poor's Ratings Services warned on Monday. Wall Street's two other main credit rating agencies soon followed in slicing the state to a single-A rating.
While its neighbors and the rest of the nation have slowly but steadily recovered from the Great Recession, New Jersey has flatlined.
NEW YORK/ WASHINGTON, May 21- The scandal over a made-up study that badly disrupted traffic at the George Washington Bridge may not be New Jersey Governor Chris Christie's biggest problem after all.
But Christie's lowered revenue projections- $2.75 billion through the end of fiscal 2015- highlight a deeper problem: While its neighbors and the rest of the nation have slowly but steadily recovered from the Great Recession, New Jersey has flatlined.
May 20- New Jersey Governor Chris Christie has an $807 million problem: a revenue shortfall created partly by his own overly optimistic projections that will likely cause pain no matter how the gap is closed. On Tuesday afternoon, Christie is scheduled to provide a budget update that could include details of how to resolve the problem.
President Barack Obama praised the new Sept. 11 museum on Thursday as "a sacred place of healing and of hope."
Kevin Chavous, American Federation for Children, and CNBC's Robert Frank discuss a new report stating much of Mark Zuckerberg's $100 million donation to Newark charter schools hasn't gone to the education.
May 13- Moody's Investors Service downgraded New Jersey's debt to' A1' late on Tuesday, making it the last of the three big Wall Street credit rating agencies to cut the state's bonds to single-A because of a large, unpredicted revenue shortfall and other fiscal pressures.
What happens when you combine two political celebrities, one tech billionaire, powerful unions, and a failing school district?
New Jersey has now fallen into single-A category with two of the three major Wall Street credit rating agencies. Standard& Poor's Ratings Services cut New Jersey to A+ last month, citing budget tricks, the state's sizable imbalance, "bullish" revenue assumptions and pressure from growing pension obligations.
NEW YORK, April 23- The board of the Port Authority of New York& New Jersey on Wednesday delayed a scheduled vote on whether to provide $1.2 billion in loan guarantees to World Trade Center developer Larry Silverstein, the latest holdup for the project.
New Jersey Governor Chris Christie said David Samson of Port Authority has resigned, with CNBC's Eamon Javers.
CNBC's Scott Cohn reports on the investigation commissioned by New Jersey Gov. Chris Christie into the infamous lane closures on the George Washington Bridge.
An internal review by Chris Christie's lawyers into the "Bridgegate" scandal cleared the New Jersey governor of wrongdoing and blamed key staffers.
On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
NEW YORK, March 19- Chevron Corp is seeking $32.3 million in legal fees from Steven Donziger and others who this month who were found by a judge to have used fraud to obtain a multibillion-dollar pollution judgment against Chevron in Ecuador.
March 14- Tesla Motors Inc escalated its war of words with New Jersey on Friday, lambasting a regulatory change approved by the state earlier this week that bars the "green car" company from selling vehicles directly to the public.
March 14- Tesla Motors Inc is studying "judicial remedies" to fight a New Jersey ruling approved this week that bars the electric car maker from selling cars directly to the public in the state.