Democratic leaders in the legislature say New Jersey's budget was in serious trouble long before Sandy battered the Garden State. They claim there is a huge revenue shortfall in the current fiscal year's spending plan and they strongly believe things are only going to get worse. Democrats say the time to indentify cuts is now.
Newark mayor Cory Booker, thought by many to be the Democrats best hope of unseating Republican Governor Chris Christie next year, has officially announced he will not seek the Democratic gubernatorial nomination.
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