Page 40 - Pension Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Governor, i am so over this weather. i was working out this morning, and my son patrick, who's on spring break this week, came in and said to me, dad, the weather has been so bad since you've been governor. it's like the last thing i'm going to be blamed for. that's it. i'm taking the hit on that, too, from my own kid, my fault that the weather is so bad. >> don't blame me for the bad weather. but apparently governor christie has a plan for the bad weather. because next year he's planning on it definitely not being that bad at all. governor christie just announced a new budget for the state of...

Going to be blamed for. that's it. i'm taking the hit on that too, from my own kid, my fault that the weather is so bad. >> don't blame me for the bad weather. but apparently governor christie has a plan for the bad weather. because next year he's planning on it definitely not being that bad at all. governor christie just announced a new budget for the state of new jersey in which he says he will cut in half next year the funding for snow removal in the state. yeah, because maybe next year it will be nice this time of year. half. he's cutting the plow budget by half. governor christie has been...

Half. governor christie has been preparing, not subtly, for a run for the white house. his case to republicans nationwide why they should nominate him to be their presidential nominee is about how he's convinced a blue state like new jersey to twice elect him as governor. right now back home in nnl he's dealing with the lowest approval ratings of his tenure. one involves the state's pension program. a judge ordered him to pay back the state almost $1.6 billion for that pension money. he's also facing brand-new heat about a lawsuit, 11 years in the making, between the state of new jersey and ex...

They can not use public dollars. there is the ongoing struggle. some democrats want to use public money. a lot of republicans say do it like other presidential libraries, raise all the money from supporters. jon: illinois does have some significant budget problems these days. it would seem. >> reporter: well, that's right. the pension program is like 100 billiondollars in debt. they're trying to figure out how they're going to cover that. so there are a lot of serious fiscal issues in illinois and the city of chicago specifically. so a lot of people are scratching their heads about using it fo...

Let's say i'm in charge of california's pension program and i'm making a huge buy. they know while i'm making that buy so halfway through that buy they can go in and buy in milliseconds and make california's pension buy cost even more. i love how you guys stripped it down. it's like if i went on ticketmaster and bought four tickets to see the eagles, i get the first two at the regular price but then the next two cost, you know, $10 more because somebody has had a -- >> they know you want to do it. there's difference in speed, combined with the fact that the market is very fragmented creates al...