NJ Assembly speaker pushes economic summit idea

TRENTON, N.J. (AP) -- New Jersey Assembly Speaker Joseph Roberts Jr. is pushing for lawmakers to hold an emergency economic summit to weigh what can be done to help Garden State residents affected by the crisis on Wall Street.

Roberts says the Assembly Labor Committee will hold a Monday hearing on the impact of the recent financial crisis on the state economy and its citizens, and discuss plans for a summit involving economic experts.

New Jersey's unemployment hit five-year high of 5.9 percent in August and it's likely to get worse as banking industry employees lose their jobs.

The economic summit idea was initially proposed by Senate Majority Leader Stephen Sweeney.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 28614559 - local8now.com/a?a=28614559