New Jersey Governor Declares Economic Emergency

TRENTON, New Jersey (Reuters) – New Jersey Governor Chris Christie on Thursday declared a “fiscal emergency,” allowing him to reserve or freeze state spending as part of his plan to tackle one of the largest 2011 deficits among U.S. states.

“These are among the hardest decisions any governor could be called upon to make,” said the Republican, according to a copy of his speech to legislators in a special session.

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