PHILADELPHIA — Whatever New Jersey Gov. Chris Christie intended when he appointed a team of bankruptcy and restructuring experts to devise a plan to stabilize Atlantic City, N.J.’s finances, what he got was a firestorm that may have exacerbated the city’s plight. Officials delayed a $12 million bond offering last week after Moody’s Investors Service sharply… Read the rest of this entry »

TRENTON — Senate President Stephen Sweeney today slammed Gov. Chris Christie for appointing an emergency manager in Atlantic City as a sign that his administration wants the resort to declare bankruptcy, and pledged a “big fight” against such a move. “This state is in trouble. This state has had eight bond rating downgrades. We all know… Read the rest of this entry »

Atlantic City in crisis: Chris Christie appoints state emergency manager Stopping short of calling it a state takeover of Atlantic City, New Jersey Governor announces his appointment of a state emergency manager to help deal with the city’s financial crisis in the wake of the closure of four of the city’s 12 casinos, which has obliterated… Read the rest of this entry »