Jessica Gould

Pension funds in New York and New Jersey pay hundreds of millions of dollars to Wall Street managers who oversee their investments. Critics say that's way too much.

Governor Chris Christie touted an "unprecedented accord" with the state's largest teachers union on pension reform. The union said there was no deal, and has called off negotiations.

Trustees say management fees are way up, and the way the state explains them is confusing.

The scramble to meet the budget deadline left lawmakers frustrated and fiscal experts digging for details.

Firefighters expected to be on site all night at the scene of an explosion and fire that tore through 4 buildings on 2nd Avenue near East 7th Street. 

An Emergency Manager appointed by Gov. Chris Christie says the city isn't filing for Chapter 9. But it's a safe bet big budget cuts are coming.

Four of Atlantic City's 12 casinos closed last year. Unemployment is up, tax revenue is down, and bond raters say the New Jersey town could go bankrupt.

Once the place to gamble on the East Coast, the city is struggling to pay its bills and residents are waiting anxiously for what's next.

The commission says the only way New Jersey can pay for its pension and health benefits is if they cost the state less.

The governor said there was an "unprecedented accord" with the teachers union on reforms to retirement and health benefits. The union said there wasn't.

Critics worry the governor's proposal for how to spend money from financial settlements with banks doesn't include enough foreclosure relief.

Higher-than-expected revenues are giving the budget a boost. But the mayor says the good times won't last forever. And fiscal watchdogs wonder if he's doing enough to prepare.

The NYC area lost about $300 million in economic activity because of the storm, but it could have been much worse. 

The mayor says accumulation could hit three feet, with winds gusts of 50 miles an hour, making for one of the nastiest snowstorms on record.

The $141 billion plan funds education reforms, economic development and infrastructure, but critics say those initiatives come at the expense of others. 

Gov. Cuomo told a business group he’ll propose a train link to LaGuardia, an overhaul of airports, and improvements to the MTA, roads and bridges.

Cuomo says it's time to invest in New York's neediest communities, but analysts question how he's crunching the numbers.

Ahead of his budget address, Governor Cuomo is taking key proposals for a test drive.

Is it a giant toothpick? A dried piece of spaghetti? You decide.

Sales of skyscraper apartments are a boon to the city's tax revenue, but some lawmakers say these ultra-expensive penthouses are getting a break because of our flawed tax system.