News

New Jersey may have to cut 200K jobs if no federal help: report

New Jersey may have to cut 200K jobs if no federal help: report

Phil Murphy, the New Jersey Democrat, said in an interview Thursday that without financial help from the federal government, his state will likely have to cut 200,000 public employees, including police officers and firefighters.

Bloomberg reported that Murphy vowed to cut $5 billion, but the state’s expected to have about a $10.1 billion revenue shortfall.

The debate over the federal government bailing out states started when Senate Majority Leader Mitch McConnell said last month that states should be able to declare bankruptcy.

The Times reported that Democratic governors from Washington State, Nevada, Oregon and California claimed that all 50 states would require $1 trillion.

Democrats tout their 1,800-page bill as an opening salvo in negotiations, but Senate Republicans are wary of another round of negotiations where Democrats and the White House call the shots.

Source: www.foxnews.com
Please Help Us Keep this Site Running

Thank you for the donation

 
 
 
Powered by Stripe
Subscribe to our Newsletter

Latest News, Photos & Videos