Tags: New Jersey

Republican presidential candidate Chris Christie pushed back on Sunday against "ridiculous" criticism of his proposal to track foreign visitors the way FedEx Corp tracks packages, saying government needs private-sector expertise to tackle illegal immigration.

New Jersey has terminated all of its interest rate swap agreements under Governor Chris Christie, paying banks $720 million to unravel $4.2 billion of swaps and wiping from its books a potentially big, unpredictable liquidity risk.

Republican Chris Christie is facing pressure to step up the pace in forming a likely presidential campaign and to slow the defection of financial donors to rivals like Jeb Bush in order to keep alive his 2016 White House dream.