NEW YORK (Reuters) - The U.S. Department of Treasury would have final authority for regulating the privately traded derivative markets in the United States under a bill introduced on Wednesday by a group of House Democrats. Calling itself the New Democrat Coalition, the group proposed to create a new unit within the Treasury to coordinate regulation of the markets with ...

Staten Island City Council candidate Debi Rose just picked up the endorsement of the Working Families Party. (The union 1199 SEIU endorsed Rose earlier today). Support from the W.F.P. helps to cast Rose as the most progressive candidate vying for the seat vacated by Michael McMahon, who was elected to Congress in November. The special election will be ...

Here’s video of former city official Tom Curitore, on Saturday, officially announcing his candidacy for the City Council seat on Staten Island being vacated by Representative-elect Michael McMahon.
Curitore was a police officer and later a first deputy commissioner in the Bloomberg administration.
“With the current economic climate, we have no time to waste on a councilman who needs ...

The so-called "experts" on politics were unanimous in their conclusion about New York's 13th District (Staten Island-Brooklyn) after Republican Rep. Vito Fossella announced he wasn't running again. With Democratic leaders settling on City Councilman Michael McMahon as their candidate and Republicans having an exasperating time recruiting a nominee (one candidate they settled on suddenly died), the consensus ...