California’s borrowing costs have fallen to the lowest level in three months, with Governor Jerry Brown calling a special legislative session to alter plans for a budget reserve just as the most indebted U.S. state offers $750 million of bonds.
New Jersey Governor Chris Christie appointed an independent reviewer to investigate any suspected misconduct in his office, among the recommendations in an internal analysis of the George Washington Bridge traffic jams.
The moonscape highways around Fort Lee, New Jersey, have left cracked axles, bent rims and chunks of tire strewn across the lot at George Washington Bridge Towing. While the traffic jams Governor Chris Christie’s crew engineered here are gone, these broken vehicle parts show that the consequences of their boss’s economic choices endure.
California’s credit rating, ranked second-lowest in the U.S. by Standard & Poor’s, is poised to benefit if Governor Jerry Brown is able to persuade a special legislative session to alter plans for a budget reserve.