New Jersey Not Well Positioned For Recession: S&P

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"New Jersey's structural budget imbalance at a mature stage of economic expansion suggests the state is not well positioned for a recession," Standard & Poor's said.

TRENTON -- A new study cast doubts on whether New Jersey can withstand another economic downturn. It's the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10…