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Cash-strapped New Jersey to borrow up to $9.9 billion under deal

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Cash-strapped New Jersey to borrow up to $9.9 billion under deal

New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources that could include the U.S. Federal Reserve to deal with massive revenue losses from the economic shutdown, under an agreement announced on Friday between the governor and legislative leaders. Read More