May 26, 2016 / 7:41 PM / a year ago

New Jersey legislature passes Atlantic City rescue package

NEW YORK (Reuters) - The New Jersey legislature approved a rescue package on Thursday to help lift Atlantic City out of its fiscal distress and give the struggling gambling hub more time to craft a recovery plan before facing any state takeover.

A spokesman for Governor Chris Christie did not reply to a request for comment on whether the governor would sign the legislation. Christie told a local radio show on Wednesday night that he believed the measures gives him “all of the authority I would need.”

Reporting by Hilary Russ; Editing by Phil Berlowitz

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