• HOME :
  • NEWS :
  • DEFAULT ON DEBT PAYMENT LOOMS AGAIN FOR FINANCIALLY TROUBLED NEW JERSEY

Default on debt payment looms again for financially troubled New Jersey

JULY 29, 2016 | by John Reitmeyer | NJ SPOTLIGHT (NEW JERSEY)

By John Reitmeyer, includes "Atlantic City’s government is again in danger of defaulting on a debt payment, as local officials and Gov. Chris Christie’s administration have yet to come to terms on a key bridge loan from the state. The $74 million loan was an important feature of the rescue legislation approved by lawmakers several months ago to help keep the seaside resort out of bankruptcy..."

VIEW LESS