N.J.'s Top Court Lets Gov. Christie Cut Pension Funding

New Jersey's highest court on Tuesday cleared the way for Gov. Chris Christie to cut $1.57 billion from state pension funding, a move that could bolster the Republican's presidential hopes but still leave the state with fiscal struggles ahead. The court, in reversing a lower court ruling, said while it laments the "staggering" loss of public trust resulting from broken promises, the pension payment at issue was not a contractual obligation entitled to constitutional protection. The stakes were high for Christie, who has trailed in polls behind rivals such as Wisconsin Governor Scott Walker, a fellow Republican.