City Manager Bob Deis said late Tuesday that officials were left with little choice but to recommend bankruptcy after failing to hammer out deals with creditors to ease the city’s $26 million budget shortfall.
Mr. Deis expects the city to file for Chapter 9 protection by Friday.
It will join a number of other cities and counties across the nation that have plunged into financial crisis as the recession made it tough to cover rising costs involving current and former employees, bondholders and vendors.
Christie says Romney didn’t offer VP spot
MAHWAH, N.J. — New Jersey Gov. Chris Christie says Mitt Romney didn’t ask him to be his running mate when they appeared at a fundraiser Tuesday.
Mr. Christie also told a town-hall audience in northern New Jersey on Wednesday that he has no inside information on who the likely GOP presidential nominee will pick as his running mate. The governor said he doesn’t expect to be the one.
In Mr. Christie’s words, Mr. Romney “did not ask me last night to run for vice president while I was with him.”
Mr. Christie and Mr. Romney raked in $1.7 million at the fundraiser. That’s $400,000 more than Mr. Romney collected during his last visit to New Jersey, when he was still being challenged for the nomination.
• From wire dispatches and staff reports