He wants to close a legal loophole that keeps the U. S. government from blocking sales of firearms to people on the terrorist watch list, New York's mayor has said.

The New York Times reported on Wednesday that Michael Bloomberg, speaking before a Senate committee on terrorism, urged lawmakers to remedy the so-called terror gap in the background check system for those attempting to buy guns.

In the recent news, the Mayor Bloomberg has announced that it shall be raising the tax on the soda to reach the $1 billion mark.

The piece of information has set waves for the New Yorkers to stock that extra soda for the coming time as they have to get the same favorite with an increased price after some time.

According to Bloomberg, the New York's state Legislature must take on the penny-per-ounce tax procedure on the soda drinks to help the schools and health care systems with the increased money. So now a can of soda can cost an extra 12 cents.

New York City Mayor Michael Bloomberg is reportedly withdrawing his funds of $5 billion from Quadrangle Group, a private equity firm. According to the sources close to the matter Mr. Bloomberg is shifting this money into a new investment firm devoted solely to his interest and that of his charitable foundation.

New York, Jan 8 : New York Mayor Michael Bloomberg has asked the Obama administration to foot the bill for the planned trial of the 9-11 mastermind, Khalid Sheikh Mohammed, which he estimates at $216 million for the first year, media reports said Thursday.

Sheikh Mohammed and four defendants will stand trial in a federal district court in lower Manhattan, which suffered heavily when two hijacked commercial planes were used by terrorists as missiles to hit the World Trade Center's twin towers Sep 11, 2001, killing more than
2,700 people.

New York, Dec 15 - New York Mayor Michael Bloomberg plans to build a gigantic wind park off the coast of the city, according to a report in The New York Times Monday.

The park could cost $4.3 billion and could become the largest of its type in the world - but still only cover 1 percent of the Big Apple's energy needs, according to the report.

But the city is also taking other steps to clean up carbon emissions, including encouragement to improve home insulation.

New York  - New York elected billionaire Michael Bloomberg on Tuesday to a third four-year term as mayor.

Bloomberg, who spent more than 100 million dollars of his own money on the campaign, took 51 per cent of the vote to 46 per cent for Democratic challenger William Thompson.

Bloomberg, a former Republican who ran as an independent candidate, has been a popular manager of New York's economy and was credited with reducing crime for the last eight years.

New York - US financial mogul and New York Mayor Michael Bloomberg has set a record by spending more of his own money than any other individual in United States history in the pursuit of public office, the New York Times reported Saturday.

The latest available campaign records show Bloomberg has forked out 85 million dollars on his latest re-election campaign so far, according to the newspaper.

New York  - A sightseeing helicopter with five Italian tourists on board collided with a light aircraft over New York's Hudson River Saturday, sending wreckage from both plunging into the waters.

All nine people on board the two aircraft were assumed dead, Mayor Michael Bloomberg said in broadcast remarks.

"It appears that this was not survivable," Bloomberg said. "This has changed from a rescue to a recovery mission."

Two bodies had been recovered, including one that had floated free, and several bodies were in the submerged wreckage of one of the craft that had been spotted.

New York - New York Mayor Michael Bloomberg joined UN Secretary General Ban Ki-moon on Tuesday to launch Climate Week NYC to support the climate change summit of world leaders planned for September.

Ban has invited all heads of state and government to attend the summit on September 22 at UN headquarters in New York, one day before the UN General Assembly is to open its 64th annual session.

The climate week is planned for September 21 to 25 with various events in the city.

New York, June 2 : New York's billionaire Mayor Michael Bloomberg has claimed that a dinner and Broadway undertaken by Barack Obama and his wife Michelle is a celebration of New York''s affordable night life.

"I can''t think of anything that is better as an advertisement for our tourism industry, for Broadway, for our restaurants, for saying that this is a safe city and an affordable city," Bloomberg said Monday.

New York  - New York City will lose an additional 3,750 government jobs in coming months as part of efforts to balance the next fiscal year budget while the recession continues to cause more damage to Wall Street, Mayor Michael Bloomberg said Friday.

The new job losses will add to a total of 13,500 jobs in the city government expected to be eliminated this year. The job cuts would save 3.4 billion dollars in order to balance City Hall's 2009-2010 budget, which begins on July 1.

New York - Mayor Michael Bloomberg said Tuesday that 44 swine flu cases have been confirmed in New York City, making it the largest cluster of flu cases in the United States, even though all cases are mild and everyone is recovering. Bloomberg said he expects new cases to be confirmed in the coming days as tests continue on students with severe symptoms at Saint Francis High School in Queens, where all the cases originated. The school remained closed Wednesday.

New York  - New York Mayor Michael Bloomberg presented Monday the keys to the city to the five-member crew of US Airways Flight 1549 that crashed in the Hudson River last month without endangering the lives of the 150 passengers.

Bloomberg presented the keys at a City Hall ceremony, calling the crew "five real American heroes."

"That day could have been one of our most tragic, but became one of our most triumphant," Bloomberg said.

New York  - New York Mayor Michael Bloomberg on Friday announced massive layoffs, proposed slashing the city budget by 1 billion dollars and may need to hike sales tax to bridge a 4-billion- dollar deficit for the fiscal year beginning July 1.

"We had prepared for a downturn, but I think it's safe to say nobody prepared for the severity of the downturn that we have been experiencing," Bloomberg said at a news conference while outlining his preliminary budget.

New York - New York Mayor Michael Bloomberg on Thursday received an all-clear to run for a third term, after the City Council voted to extend a term limits law from eight to 12 years.

Bloomberg, a successful billionaire and founder of the financial wire services bearing his name, demanded a third four-year term so he can continue to lead the city through the severe economic crisis affecting Wall Street.

In a move to accommodate Mayor Michael Bloomberg’s intentions of four more years in City Hall, the New York City Council is poised for a big vote Thursday on the term-limits bill.

The voting will have a direct effect on the future of Bloomberg, who is attempting to change city law, so that he can have the chance at a third term.

New York - New York Mayor Michael Bloomberg Thursday formally announced he would seek a revision of a term limits law so he can run for a third term and continue the work on keeping Wall Street and the city a world financial hub.

Bloomberg, a successful financier and billionaire, brushed off criticism that the move was undemocratic to try to change the local law limiting New York City's mayors to two four-year terms.

New York - New York Mayor Michael Bloomberg, a successful politician after a life as a financier, plans to seek a reversal a local law limiting mayors to two terms of four years each so he can run again, news reports said Wednesday.

Bloomberg, who founded the financial data services bearing his name before entering politics, planned to announce his candidacy for a third term on Thursday and to propose a revision of the 15-year-old term limits law.