Republican presidential candidate and New Jersey Gov. Chris Christie took some time away from the campaign trail Tuesday to announce a new plan to rescue the beleaguered gambling town of Atlantic City, which was expected to face bankruptcy by April should no action be taken. Christies plan, made with state and municipal lawmakers at his side, would give the state even more power than it already has to restructure city debt and terminate municipal contracts with labor unions.
Atlantic City had amassed as much as $240 million in debt recently as gambling competition in neighboring states has proliferated. Four of the 12 casinos in the city have been shuttered since 2014, a sharp decline from its once prominent stature as…
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