Trenton, the New Jersey capital that fired a third of its police force in September to help close an $18 million budget deficit, could ill afford to reject Governor Chris Christie’s offer of $22 million in aid this year.
Congress should consider changing the subsidies awarded to the $3.7 trillion municipal bond market to ensure that all taxpayers receive the same benefit, said the U.S. Senate Finance Committee chairman.
Four bankers who worked at Credit Suisse Group AG were charged with conspiring to help U.S. clients evade taxes through secret bank accounts, according to an indictment yesterday and people familiar with the matter.
New Haven, Connecticut, sold two streets this year to Yale University, its biggest employer, and raised taxes to bolster its finances. The moves haven’t been enough to win over investors and ratings companies.