It's the Friday before Labor Day, so here's another story wondering what's up with Mayor Bloomberg's many meetings with White House officials. Basically, it's anyone's guess, but one Bloomberg aide told the Daily News it'd be unlikely that the billionaire would want to be a Treasury official, "Would you want to give up being mayor so you could sit in your office and have Rahm Emanuel's assistant tell you not to say something?" more ›

President, governor, a third term as mayor, and now add Secretary of the Treasury to the list of jobs that Mayor Bloomberg is not interested in. Amidst speculation that Bloomberg might be considered to head the nation's treasury, Bloomberg said he had no interest in the position and suggested that any recent ones from Robert Reich to current Secretary Henry Paulson would make more fitting choices. Bloomberg also responded to John McCain's comments from earlier in this week that the mayor was not a good fit for his running mate because he was "pro-gay rights." Bloomberg said, "I think that choice and gay rights are fundamental issues left to individuals. Particularly, I think if you are a conservative —you should say government should get out of the bedroom." more ›

Treasury Secretary--and former Goldman Sachs head--Henry Paulson said he agreed with President Bush's off-the-record remarks that Wall Street "got drunk." At a fund-raiser, Bush said of the financial sector, "It got drunk and now it's got a hangover. The question is how long will it sober up and not try to do all these fancy financial instruments." Yesterday on Meet the Press, Paulson broke down the problem, "In terms of Wall Street, there was too much leverage in the system and more leverage than was appropriate and more than people recognized, because the leverage came into the system in the form of highly complex, structured products, which were difficult to understand. So there was excess leverage, excess complexity." Oh, and Paulson doesn't want to serve in the next administration. more ›