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FILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol as in San Juan, Puerto Rico. On Monday, April 11, 2016, Puerto Rico released a new proposal to restructure part of its $70 billion debt to buy time to implement a fiscal growth plan as multimillion-dollar payments loom for a U.S. territory facing dwindling cash reserves. (AP Photo/Ricardo Arduengo, File)
FILE - In this Wednesday, July 29, file 2015 photo, the Puerto Rican flag flies in front of Puerto Rico's Capitol as in San Juan, Puerto Rico. (AP Photo/Ricardo Arduengo, File)
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House Republicans miss budget deadline amid caucus divisions

House Republicans departed Washington on Friday having missed a deadline to pass their long-stalled budget and without appearing to revive it despite the embarrassment for the party and its new House Speaker Paul Ryan.

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House Speaker Paul Ryan of Wis., left, has an animated discussion with former GOP presidential candidate, Wisconsin Gov. Scott Walker, on the way to a closed-door meeting of House Republicans, on Capitol Hill in Washington, Wednesday, April 13, 2016. (AP Photo/J. Scott Applewhite)
House Speaker Paul Ryan of Wis., left, and Wisconsin Gov. Scott Walker, on Capitol Hill in Washington, Wednesday, April 13, 2016. (AP Photo/J. Scott Applewhite)
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GOP House under Speaker Ryan set to blow budget deadline

House Republicans are about to blow through a statutory deadline to pass an annual budget, a major embarrassment for Speaker Paul Ryan that raises questions about his stewardship of the House despite his high profile on the national stage.

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FILE - In this Jan. 5, 2016, file Rep. Tom Price, R-Ga., chairman of the House Budget Committee appears before the Rules Committee, joined at right by Rep. John Yarmuth, D-Ky., on Capitol Hill in Washington. The Budget Committee is pressing ahead with a 10-year balanced budget plan that relies on a familiar menu of cuts to federal health care programs, agency budgets, and a broad swath of domestic programs to address the nation's debt problem, despite conservative opposition that promises to stall the measure later on. (AP Photo/J. Scott Applewhite, File)
FILE - In this Jan. 5, 2016, file Rep. Tom Price, R-Ga., chairman of the House Budget Committee appears before the Rules Committee, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
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Panel to advance budget plan despite conservative rebellion

The House Budget Committee on Wednesday pressed ahead with a 10-year spending plan that promises sweeping cuts to health care programs and federal agencies even as a tea party rebellion threatens to derail the measure later on.

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Tom Price, John Yarmuth
In this Jan. 5, 2016, file photo, Rep. Tom Price, R-Ga., chairman of the House Budget Committee and a physician, appears before the Rules Committee, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)
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Analysis: GOP needs budget cuts to fulfill political promise

Thanks to Congress' recent tax-and-spending spree, Republicans intent on fulfilling a political promise will have to propose far deeper cuts to domestic programs to bring the government's deteriorating balance sheet back into the black.

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House Majority Leader Kevin McCarthy, R-Calif., smiles as he walks to the House chamber, at the Capitol in Washington, Friday, Dec. 18, 2015. The House on Friday easily passed a $1.14 trillion spending bill to fund the government through next September, capping a peaceful end to a yearlong struggle over the budget, taxes, and Republican demands of President Barack Obama (AP Photo/J. Scott Applewhite)
House Majority Leader Kevin McCarthy, R-Calif., smiles as he walks to the House chamber, at the Capitol in Washington, Friday, Dec. 18, 2015. (AP Photo/J. Scott Applewhite)
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Congress OKs year-end budget deal, sends to Obama

Congress on Friday sent President Barack Obama a bipartisan but deficit draining year-end budget package that boosts federal agency spending and awards tax cuts to both families and a sweeping array of business interests.

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FILE - In this Oct. 22, 2105 file photo, Rep. Adam Schiff, D-Calif., ranking member on the House Intelligence Committee speaks to the media on Capitol Hill in Washington. The massive year-end spending measure includes a bill encouraging companies to share cyber threat information with the government. Schiff urged lawmakers to support the bill and said it was a major improvement over the bill put forward last session, which he opposed because of what he said were its lack of privacy protections. (AP Photo/Jacquelyn Martin, File)
FILE - In this Oct. 22, 2105 file photo, Rep. Adam Schiff, D-Calif., ranking member on the House Intelligence Committee speaks to the media on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin, File)
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Massive year-end spending bill includes cybersecurity act

The massive year-end spending measure includes a provision that will encourage companies to share cyber threat information with the government.

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Nancy Pelosi, Harry Reid
House Democratic Leader Nancy Pelosi and Senate Minority Leader Harry Reid on Capitol Hill in Washington, Wednesday, Oct. 28, 2015. (AP Photo/Susan Walsh)
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Congress OKs bipartisan budget deal, but road ahead not easy

Congress sent President Barack Obama a bipartisan budget accord Friday that staves off a destabilizing U.S. default, eases the threat of a federal shutdown and spotlights the pitfalls -- and opportunities -- posed by the current brand of divided government.

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The House’s big day: Budget deal vote, GOP nominating Ryan

The House was poised to approve a two-year budget truce and Republicans were set to nominate Rep. Paul Ryan as the new speaker Wednesday, milestones GOP leaders hope will transform their party's recent chaos into calm in time for next year's presidential and congressional campaigns.

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New Jersey revenue collections up 7 percent in September

New Jersey's revenue collection for September are up 7 percent compared with 2014 and the state's year-to-date receipts have risen nearly 5 percent from the same period in the last fiscal year.

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Chris Christie
New Jersey Gov. Chris Christie speaks at the Northeast Republican Leadership Conference in Philadelphia, Friday, June 19, 2015. (AP Photo/Matt Rourke)
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Democrats give Christie’s presidential campaign a big gift

Gov. Chris Christie is expected to formally launch his presidential campaign at Livingston High School on Tuesday. His speech will likely boast of his accomplishments, including his recent vetoes of more than 1.6 billion from the 2016 budget approved by the Democratic-controlled Legislature.

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