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Bloomberg’s Terror Trial Turnaround, NYC Swings Budget Axe, Velazquez on SOTU

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In a startling turnaround, Michael Bloomberg now says the downtown terror trials would “cost an awful lot of money and disturb an awful lot of people… My hope is that the attorney general and the president decide to change their mind… It would be great if the federal government could find a site that didn’t cost a billion dollars, which using downtown will.” Meanwhile, six senators wrote to Attorney General Eric Holder, urging him to move the trials. And the president of the Real Estate Board of New York said the spectacle would “destroy the economy of Lower Manhattan.”

About the terror trials, Governor Paterson says “I told you so.”

Senator Schumer says he also would support moving the trials.

In a few minutes (at noon) Bloomberg will announce big budget cuts.

Rep. Nydia Velazquez responds (favorably) to the president’s SOTU Address.

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