By Elise Young and David Westin, includes “New Jersey may have to cut half its 400,000 state and local employees if the federal government doesn’t help make up a $10.1 billion revenue shortage through June 2021, Governor Phil Murphy said. … Murphy is seeking to issue billions of dollars in short- and long-term debt, including via the U.S. Federal Reserve’s Municipal Liquidity Facility. He’s also counting on billions of dollars from Washington, even though President Donald Trump and Congressional Republicans have balked at allowing states to use federal assistance to fill budget holes.”