New Jersey

Bill Baroni and Bridget Anne Kelly, former allies of New Jersey Governor Chris Christie, are headed to prison for their roles in a politically motivated plot to create traffic jams near the George Washington Bridge in the scandal known as Bridgegate.

Atlantic City's redevelopment effort appears to be gathering momentum following a "lost decade" that featured the closing of five casinos, a housing crisis and major recession, according to a new bi-annual report released Tuesday by the South Jersey Economic Review.

New Jersey Gov. Chris Christie signed legislation Monday allocating $400 million from the state's Transportation Trust Fund for immediate road, bridge and transit projects in the current fiscal year.

Rising pension liabilities landed New Jersey its second downgrade in less than four months Monday, with Moody’s Investors Service dropping the state’s general obligation bonds one notch to A3.

The New Jersey Turnpike Authority is likely to face spread penalties for its $525 million revenue bond deal this week, but strong demand is still expected despite the state's credit woes.

New Jersey lawmakers approved legislation to spin off management of the Police and Firemen’s Retirement System from the state’s struggling $71 billion pension fund.

President Trump’s proposed Fiscal Year 2018 budget would cause a major setback to plans for a long-stalled Gateway rail project connecting New Jersey and Manhattan, lawmakers and transportation advocates warned.

Drew University's bonds went deeper into junk territory after Moody's Investors Service cited the small Madison, N.J., private college's "unsustainable operating deficits" and weakening reserves.

The New Jersey Educational Facilities Authority achieved record bond volume in 2016, the higher education conduit issuer announced Friday.

Long-term structural balance in New Jersey remains elusive thanks to continued deferral of full funding for future retirement obligations, said S&P.