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ELMO: Hi everybody, I'm so excited for Elmo's neighborhood Sesame Street to grow.

REPORTER: Sesame Street's Elmo yesterday helped Mayor Bloomberg break ground on a 40,000-foot expansion of the Kaufman Astoria Studios in Queens. City and state officials say a 35 percent tax credit for film shoots has generated a billion ...

Federal prosecutors and New York's attorney general are investigating the credit-default swap market. Federal prosecutors in Manhattan announced in a statement Monday that the office is working with state Attorney General Andrew Cuomo in the probe. Cuomo's office did the same. The announcements came after The New York Times reported ...

The city has convinced three more landowners to sell or trade their land at Willets Point, Queens, to make way for a massive redevelopment of the area. Deputy mayor Bob Lieber said at a City Council hearing today, there are more deals in the works.

REPORTER: He accused some landowners of ...

The turmoil in the bond market has forced the MTA to rethink a half-billion dollar bond issue.

The transit agency delayed selling the bonds for two days because of weak demand. This morning, it got into the market, but reduced the amount it wanted to borrow to $200 million.

The bond's high-yielding ...

Saying the nation and New Jersey are facing the worst economic crisis since the Great Depression, Governor Jon Corzine has presented an economic stimulus plan to a joint session of the legislature. Corzine called for putting $500 million of state funds into community banks to boost their liquidity and make ...

As the federal government pumps billions in capital into New York's largest banks, the city is taking steps to make sure the little guy has access to financing, too.

Mayor Bloomberg and the city's Department of Small Business Services have announced new partnerships between the five boroughs' chambers of commerce and ...

Are you ready for tonight's debate? Many are getting ready.

FEY: Oh and for those Joe Packs out there playing a drinking game at home, maverick!

That of course was Tina Fey doing her infamous impression of Vice Presidential candidate Sarah Palin.

People really are playing drinking games and joining us are two ...

New Yorkers watching Mayor Bloomberg march by in the Columbus Day Parade greeted him with applause. But almost all say they oppose the Bloomberg's attempt to change the law that limits mayors to two terms. John Pizkatelli of Fresh Meadows, Queens, says the whole city should be able to vote ...

Mayor Bloomberg today praised the City Council speaker for supporting his bid to change the term limits law and run for a third term. After keeping her cards close to the vest for weeks, Christine Quinn announced yesterday her endorsement of the mayor's proposal. She said it would offer the ...

The Treasury Department is working quickly to hire companies to help manage the toxic assets crippling the U.S. financial system. Only a handful are capable of taking on such an enormous task. One of the leading contenders is the company BlackRock. WNYC’s Lisa Chow took a trip to its headquarters ...

America’s wind energy boom has largely bypassed the densely populated Northeast. But the region’s trying to catch up. Recently, Maine issued more wind project permits than the rest of New England combined. Rhode Island’s getting in the game with a vow to generate 15 percent of its electricity from wind ...

New York radio could be changed forever. That's the warning from politicians and industry execs now that the "Personal People Meters" have debuted in New York. The small electronic devices are carried by a select group of people and can sense what radio stations they're listening to. The PPMs replace ...

Despite the stock market's slide and New York's projected $8 billion deficit, Governor Paterson is granting $1.2 billion in state aid for a new high-tech semiconductor factory. Paterson says New York eventually will reap benefits from helping AMD build the plant upstate.

PATERSON: This may be one of the biggest technological ...

Sen. Hillary Clinton says the $700 billion bailout plan is just the beginning of what needs to be done to prevent an even deeper economic crisis from unfolding in the U.S. She says Congress should adopt a program to rewrite mortgages and reset terms for families at risk of foreclosure.

CLINTON: ...

New York City's Planning Commission has made a decision that could protect a 111-block zone of the East Village from development. It's voted to rezone the area, including a cap on the height of some buildings along Chrystie Street.

But opponents say the rezoning plan will actually push bigger developments into ...

New York Senator Charles Schumer says he wants the Small Business Administration to make short-term loans available to companies that are hurting.

SCHUMER: Because the banks are frozen in what they're doing, it hurts small business that depend on these daily and weekly lines of credit.

REPORTER: Small businesses, like Bill Petrick's ...

Kaycee Wimbish discovered her love of farming when she moved to New York City.

WIMBISH: I got increasingly interested in food and where the food was coming from....loved the green markets, shopped at the farmer's markets all the time, joined a CSA for the first time.

REPORTER: As you can probably tell, ...

The city is suing to stop the illegal sale of tax-free cigarettes by members of Native American tribes in New York. The city's top lawyer says Indian-owned businesses on Long Island have been selling millions of packs a year to non-tribe customers, who are not allowed to buy cigarettes without ...

New York City's financial industry witnessed yet another historic day. As the U.S. House rejected a $700 billion plan to rescue Wall Street, stocks plunged. The Dow lost more than 770 points, its biggest one-day point-drop ever, and New Yorkers felt conflicted about the outcome. WNYC's Lisa Chow reports.

REPORTER: It ...

On Wall Street the Dow closed with its biggest drop ever today -- it plunged more than 735 points (to close at 10404) - after the failure of the financial bailout plan in the House. That's a nearly 7 percent drop for the Dow. Stunned traders on the floor of ...