Moody's downgrades NJ debt as Christie's budget problems grow | NJ.com

Cut revenue much!

Moody's downgrades NJ debt as Christie's budget problems grow | NJ.com: "Another Wall Street rating agency — Moody’s Investors Service — has downgraded New Jersey’s debt and is sounding the alarm about the state’s "lagging economic performance."

It was the third ratings cut this year for New Jersey, the sixth downgrade since Gov. Chris Christie took office, and the latest sign that the Garden State’s ailing fiscal condition is taking a turn for the worse."

'via Blog this'