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News Link • Economy - Economics USA

Fitch downgrades N.J. debt, saying Christie is repudiating his pension reform

• Associated Press
Wall Street analysts at Fitch Ratings today downgraded New Jersey's bond rating for the second time this year, citing the state's poor economic performance, Gov. Chris Christie's rosy revenue forecasts ? which failed to materialize ? and his decision to plug the resulting budget gap by cutting $2.4 billion in funding for the state's strained pension system.....

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