A federal bankruptcy court judge voided a union contract with Atlantic City's Trump Taj Mahal Casino Resort on Friday.» Read More
I will not be able to pay down the sins of my predecessors, says Gov. Chris Christie, (R-N.J.), sharing his thoughts on funding pensions in New Jersey.
Gov. Chris Christie, (R-N.J.), discusses his battle to balance the budget in the Garden State. Also Christie shares his thoughts on taxes. Folks don't understand you have to make yourself competitive from a tax prospective, says Christie.
Gov. Chris Christie, (R-N.J.), provides his thoughts on a wide array of topics, from funding public pensions, to taxes, politics, and legalizing marijuana.
TRENTON, N.J. June 25- A New Jersey judge on Wednesday refused to force Governor Chris Christie to restore almost a billion dollars in funds that he cut from the state's 2014 pension contribution. Christopher Burgos, president of the State Troopers Fraternal Organization of New Jersey, said troopers and other plaintiffs would likely appeal.
June 25- A New Jersey judge refused on Wednesday to force Governor Chris Christie to make a full contribution for fiscal 2014 into the state pension fund.
NEW YORK, June 23- For years, some U.S. states and cities failed to put enough money into their retirement systems, leaving an estimated $1 trillion gap in public pension funds across the country. But in two of the states with the biggest pension problems, New Jersey and Illinois, recent reforms allow lawsuits to seek to compel full contributions.
CAMDEN, N.J., June 20- Atlantic City's bankrupt Revel Casino Hotel has received court approval to borrow $23.9 million that it said would keep the 1,400- room resort operating for the coming month as it scrambles to find a buyer.
NEW YORK, June 18- Leaders of New Jersey's Democrat-run Senate on Wednesday proposed hiking taxes on the wealthy and on corporations, a counterstrike to Republican Governor Chris Christie's plan to slash state pension contributions for two years.
A combination of choppy markets and mixed investment successes promise to make this year's "Delivering Alpha" conference colorful.
CNBC's Tyler Mathisen, Dominic Chu and Julia Boorstin look at today's "Power Lunch" stories, including news Tesla CEO Elon Musk is thinking of doing something "fairly controversial."
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.