Amy Eddings

New York, NY —

Mayor Bloomberg says Wall Street firms have significantly overpaid their local taxes this year, basing estimates on their much better earnings in 2007. He says the city will likely owe them back more than a billion dollars by the end of 2008.

New York, NY —

The number of New Yorkers seeking food at pantries and soup kitchens jumped 28 percent this year, compared to last year, according to the New York City Coalition Against Hunger. The group says this uptick was a further increase from last year's survey, which found ...

New York, NY —

Stocks dropped through the floor today as Democrats chose to delay action on bailing out the auto industry. The Dow sunk even further below 8,000, down 445 point to 7552, a 5.5 percent drop. The Nasdaq also fell more than 5 percent down 70 points ...

New York, NY —

With a budget to balance by the end of the year, and a $1.2 billion deficit to fill, the board of the Metropolitan Transportation Authority is expected to announce steep service cuts when it meets tomorrow. Under consideration is the elimination of the Z and ...

New York, NY —

Meanwhile, Brooklyn State Senator Kevin Parker has introduced a bill that would thwart Mayor Bloomberg's effort to run for a third term, by requiring a voter referendum on the issue.

REPORTER: A similar bill is already under consideration in the Assembly. Parker says legislative leaders will ...

New York, NY —

The taxpayer bailout of AIG is growing. Over the weekend, the Fed and the Treasury brokered an additional $40 billion for the mega-insurer, bringing the total rescue package to $150 billion.

And now a local lesson in why AIG was considered too big to fail, and ...

New York, NY —

Former Democrat-turned-independent Joe Lieberman, Senator of Connecticut, is not saying whether he'll continue to caucus with Democrats or whether he's still chair of the Senate's Homeland Security committee.

Lieberman had this to say after his meeting with Senate Majority Leader Harry Reid.

REID: We must now unite ...

New York, NY —

As Commissioner, Emily Lloyd oversaw the the flow of more than a billion gallons of drinking water every day from upstate reservoirs into New York City homes.

She was also responsible for the treatment of the water flowing out of those bathtubs, dish washers, and storm ...

New York, NY —

In New Jersey, there are two hotly contested battles for open house seats. WNYC's Bob Hennelly is with us now to preview them.

New York, NY —

The national Republican Party decided last week to pull its money out of all but two congressional races in New York.

It was another sign that the democrats are ascendent in several swing districts.

One of the races the GOP targeted early on and now are in ...

New York, NY —

Mayor Bloomberg wants to relax tax deadlines for some property owners, launch a public awareness campaign about debt and create a Web site for laid-off financial workers as part of his plan to give short-term relief to New Yorkers amid the economic downturn.

He says the ...

New York, NY —

Republicans have held on to the Congressional seat in Staten Island for the last 28 years, but that may very well change on Election Day.

Polls suggest Democratic Candidate, Councilman Michael McMahon is likely to defeat his Republican opponent, former Assemblyman Robert Straniere.

The two are vying ...

New York, NY —

Governor Paterson is in Washington, DC, today, asking Congress to help bail out New York.

Speaking before the House Ways and Means Committee at a hearing on a second economic stimulus package, Paterson asked for federal block grants, similar to those given after the 9/11 terrorist ...

New York, NY —

It was a roller coaster session on Wall Street today, as the fed tried another move to stimulate the economy, cutting a key interest rate by half a percentage point to one percent, its lowest level in 50 years. The Dow closed down 74 points ...

New York, NY —

Governor David Paterson took to a podium at his Midtown Manhattan office and offered a grim prognosis for New York State's economic health. His midyear assessment finds that Wall Street revenues have fallen so low, the state's current budget is now in the red by ...

New York, NY —

In a briefing in his Manhattan office of the latest economic data, Paterson says falling revenues from Wall Street are tearing a one and a half billion dollar hole in the current budget, and a $12.5 billion one in the next budget.

PATERSON: We are also ...

New York, NY —

Bob, a very close vote. More than 10 Councilmembers waited until the last minute to declare their position. Upper West Side councilwoman Gail Brewer was one of them. She voted no, saying that, while she agreed with the mayor's bill, she doesn't like the way ...

New York, NY —

The city council will vote on term limits on Thursday.

Speaker Christine Quinn placed it on the calendar, even as the momentum in the council appears to be shifting against Mayor Bloomberg's bill to change term limits so he can run for a third term next ...

New York, NY —

Kim’s Video Underground it's closing its doors on Saint Marks Place, and getting rid of its rental collection too.

Kim’s is one of the last independent movie rental places in the city, and a familiar haunt for film students and cinephiles alike.

The store is moving to ...

New York, NY —

Democrat Barack Obama and Republican John McCain meet for their third and final debate at Hofstra University, in Nassau County. They come to the contest with the latest polls showing Obama pulling ahead of McCain, even in some key swing states. Fresh from one of ...