By Samantha Marcus, NJ Advance Media
TRENTON — Senate President Stephen Sweeney says his proposal for a $1 trillion low-interest pension loan program is a “long shot,” but the federal government should help states get a handle on their crippling pension debt.
Late last month, Sweeney (D-Gloucester), who is considered a likely 2017 candidate for governor, suggested creating a nationwide Federal Reserve loan program to rescue states threatened by high government worker pension shortfalls.
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