Jersey Leader Accuses Christie of Trying to "Force" Atlantic City into Bankruptcy

January 30, 2015

New Jersey Senate President Stephen Sweeney accused Gov. Christie on Thursday of trying to "force" Atlantic City into bankruptcy, and said he would sue to block such a move. Sweeney (D., Gloucester) criticized Christie's hiring of an emergency manager and a consultant to take charge of the embattled resort. Christie, a Republican considering a run for president in 2016, issued an executive order last week installing Kevin Lavin as emergency manager and tapping Kevyn Orr as a consultant. Orr led Detroit through the largest municipal bankruptcy in U.S. history. Christie's move provoked an immediate downgrade of Atlantic City's credit rating, which interfered with its plans to sell short-term notes.

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