By Associated Press - Tuesday, October 27, 2015

TRENTON, N.J. (AP) - Gov. Chris Christie has named a new state treasurer.

Christie on Tuesday said he will formally nominate Ford Scudder to head New Jersey’s treasury. Scudder is currently the chief operating officer at Laffer Associates, a firm led by former Reagan administration economist Arthur Laffer.

Scudder also served as a senior research analyst at Laffer Investments, a privately held equity management firm.

Christie says Scudder will take the helm on Nov. 9.

Scudder will take over from acting treasurer Robert Romano, who succeeded Andrew Sidamon-Eristoff.

Senate President Steve Sweeney, who controls the confirmation process, said in a statement he has many questions and concerns about Scudder, including his ties to conservative economic policies.

It is unclear when Scudder might face a confirmation hearing and vote in the Legislature.

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