October 1, 2008

Bloomberg Wants to Overturn Term-Limits Law

NEW YORK (AP) -- New York Mayor Michael Bloomberg wants to overturn the city's term-limits law and run for another four years in office next year.

A person who has been briefed by the two-term mayor tells The Associated Press that Bloomberg will announce his intentions Thursday. The person spoke on condition of anonymity because the announcement has yet to be made.

The person says Bloomberg has been wrestling with the decision for the last couple of months and made up his mind over the weekend. The city has been dealt a serious economic blow because of the Wall Street crisis.

Bloomberg's decision was first reported by The New York Times.

The mayor has long supported the term-limits law, but has hinted in recent months that he'd be willing to overturn it.

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