New Jersey

Moody's Investor's Service downgraded $282 million of Atlantic City, N.J.-related bonds to near junk grades citing declining revenue in the gambling destination.

The Federal Transit Administration awarded about $167 million to the Port Authority of New York and New Jersey and $67 million to New Jersey Transit to help both agencies continue rebuilding and replacing after Hurricane Sandy.

Observers of New Jersey's fiscal situation agree that the state's situation is tough and will get tougher in the face of pension underfunding and a budget deficit.

The Port Authority of New York and New Jersey is negotiating a deal with developer Larry Silverstein to cut the transportation infrastructure operator's risk and increase its potential gain from the construction of Three World Trade Center.

Jersey City sued the Port Authority of New York and New Jersey for $400 million, saying the payments the city receives in lieu of property taxes from the regional transportation infrastructure overseer are grossly inadequate.

New Jersey Gov. Chris Christie's plan to cut the state's contribution to its pension system to make up for lower-than-anticipated revenue is a credit negative, according to Fitch Ratings.

How utilities pay for damage related to Hurricane Sandy affects credit quality, Standard & Poor's said in a report.

Moody's Investors Service downgraded the enhanced ratings of 15 major New Jersey municipalities participating in a New Jersey-supported bond program, citing its downgrade of New Jersey.

Municipal market analysts are pessimistic about New Jersey and Moody's Investors Service downgrade of New Jersey on Wednesday underscored their opinions.

Fitch Ratings downgraded New Jersey's general obligation rating to A-plus from AA-minus on Thursday.

A recently announced big revenue shortfall for New Jersey is a credit negative for the state, Moody's Investors Service said Wednesday.

New Jersey Gov. Chris Christie nominated John J. Degnan to be the new chairman of the Port Authority of New York and New Jersey on Tuesday.

The Port Authority of New York and New Jersey, operating under increased public scrutiny after the "bridgegate" scandal, is weighing the risk of providing a $1.2 billion loan guarantee for the developer of Three World Trade Center.

New Jersey government's March revenues came in 7% lower than expected, adding to financial pressure on the state.

Approvals for a planned New Jersey shopping mall and entertainment complex have brought the sale of roughly $740 million in high-yield bonds closer.

New Jersey's general obligation rating was cut to A-plus from AA-minus by Standard & Poor's, which cited the state's "sizable structural imbalance."

While there is wide agreement Northeast infrastructure is rotting, there is nowhere near the same consensus about what to do and how to pay for it.

An arm of New Jersey's legislature says revenues will be $526 million short of Gov. Chris Christie's estimates this fiscal year and next.

A bad business model is at the heart of problems at the Port Authority of New York and New Jersey, a report from an NYU transportation center said.

The chairman of the Port Authority of New York and New Jersey, David Samson, has resigned his position as of Friday morning, New Jersey Gov. Chris Christie said.