Today, the NY Times reports that billionaire Ronald Lauder opposes Mayor Bloomberg's and the City Council's plan for legislation to permanently extend term limits from two four-year terms to three four-year terms. But the NY Post reports\ that Lauder, who help fund the initiatives to introduce term limits in the first place, made a deal with Bloomberg where Lauder would "support legislation...in exchange for a guaranteed seat on a Charter-revision commission." more ›

It's happening: Mayor Michael Bloomberg will reportedly announce that he will seek a third term on Thursday. The NY Times writes, "The extraordinary move promises to upend New York City’s political world.." more ›