Bloomberg: And I'm Telling You I'm Not Going
NYT: After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third ...
After months of speculation about his political future, Mayor Michael R. Bloomberg plans to announce on Thursday morning that he will seek a third term as mayor, according to three people who have been told of his plans.
Right now, Mr. Bloomberg is barred by law from seeking re-election. But he will propose trying to revise the city's 15-year-old term limits law, which would otherwise force him and dozens of other elected leaders out of office in 2009, the three people said.
In his announcement, Mr. Bloomberg, a former Wall Street trader and founder of a billion-dollar financial data firm, is expected to argue that the financial crisis unfolding in New York City demands his steady hand and proven business acumen.
The move represents an about-face for Mr. Bloomberg, who has repeatedly said he supports term limits and once called an effort to revise the law "disgusting." He will apparently try to do so through legislation in the City Council, rather than the ballot box.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Week in Public Finance: Taxes, Drought and a Nod to the Baha Men1 day ago
How Data Can Improve Transit Efficiency1 day ago
Fresno Deputy Police Chief Arrested on Drug Charges1 day ago
States Trying to Figure Out Whether Entertainment Tax Credits Really Work1 day ago
Chris Christie Rails Against Estate Taxes New Jersey Needs1 day ago
Public Defender: San Francisco Jail Guards Forced Inmates to Fight Each Other2 days ago