Christie cancels tunnel project

New Jersey Gov. Chris Christie announces on Wednesday in Trenton, N.J., that he's standing by his decision to kill the nation's biggest public works project, a train tunnel connecting New Jersey to New York City. Mr. Christie, a rising star in the Republican Party for his fearless budget-slashing, has argued that his cash-strapped state can't afford to pay for any overruns on the $9-billion-plus rail tunnel under the Hudson River. The state is on the hook for $2.7 billion in overruns. (Associated Press)

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