NJ Transit Deadline to Install Train Brakes in Doubt After Audit

(Bloomberg) -- New Jersey Transit’s ability to finish a federally mandated emergency-braking project on time is questionable after a state audit documented multimillion-dollar change orders and missed milestones.New Jersey’s highest-ranking state lawmaker said the agency hasn’t explained why the projected cost of the task, called positive train control, has almost doubled, to $500 million.“I am very concerned about the deadline,” Senate President Steve Sweeney, a De