NEW YORK (Reuters) – Standard & Poor’s on Wednesday cut New Jersey’s bond rating a notch due to an unfunded pension shortfall and high debt, turning up the heat on the state’s governor who prides himself for fiscal conservatism. View full post on All Stories
Posts Tagged ‘gap’
Banks look to invest in debt sales
January 5th, 2011
davidguide Prime Minister Naoto Kan’s plan to plug the budget gap with record debt sales this year will get some help from banks needing a place to park deposits that are outstripping loans by the widest ma View full post on All Stories
Dollar funding gap widens
December 20th, 2010
davidguide Mounting concerns over the eurozone have forced the cost of swapping euros into dollars to the highest level since May, sparking fears European banks could run into funding difficulties as they need the US currency to repay loans View full post on All Stories
State Treasurer Andrew Sidamon-Eristoff: In the eye of N.J.’s fiscal storm
October 3rd, 2010
davidguide New Jersey State Treasurer Andrew Sidamon-Eristoff is Gov. Chris Christie’s point man overseeing the proposed reform of state pensions and benefits. He also is in charge of crafting the state budget, which earlier this year faced an $11 billion gap and is expected to face a similar gap next year. He also influences state tax [...]
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