Bret Baier's claim that New Jersey suffered a credit rating downgrade 11 times during Chris Christie's time as governor is true.
Paul Morigi/Getty ImagesCLAIM: Moderator Bret Baier of Fox News said New Jersey suffered 11 credit downgrades under former Gov. Chris Christie’s leadershipChristie was quick to condemn President Joe Biden’s economic policy at the first Republican presidential primary debate in Milwaukee, Wisconsin, Wednesday evening; meanwhile, the Garden State suffered a credit rating downgrade eleven times during his time as governor.
Persistent underfunding of the state’s public pension system and weak budgetary position contributed to the rating cut. So did the $1.1 billion of annual revenues the state will lose by 2021 because of sales and estate tax cuts passed last year in conjunction with a gasoline tax hike, Moody’s Investors Service said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Christie beating everyone but Trump in New Hampshire GOP presidential primary pollThe new polling data was released just before the first Republican presidential debate.
Read more »
August is the time for a new school year, new experiences, and new anxieties for kidsAugust and September are especially stressful for students heading back to school as they deal with the pressure of school work, change in their summer routine, and sometimes bullying
Read more »
New Jersey’s weed industry is in a ‘doom loop,’ trade group saysThe New Jersey Cannabis Trade Association issued a report placing blame for the state’s slow growth in weed on the New Jersey Cannabis Regulatory Commission.
Read more »
'They Deserve Better': Sanders Demands Fair Contract for New Jersey Nurses on Strike'It is absurd for RWJBH to claim it can afford to pay its executives millions, yet is somehow unable to provide its nurses fair raises,' said the senator.
Read more »
New Jersey Fines Fox Bet $80,000 for In-State College WagersNew Jersey’s Division of Gaming Enforcement issued Fox Bet a fine of $80,000 for in-state college bets placed during 2021 and 2022.
Read more »