I want candy
All of the major mayoral candidates have been spending cash at a relative steady clip; but no other candidate has managed to do so as fast as billionaire supermarket magnate John Catsimatidis. The self-financed Republican has spent a whopping $880,000 since he entered the race, including $615,332 in bills over the past two months.
Money money money
President Barack Obama returned to the city this afternoon for a trio of star-studded fund-raising events.
Mr. Obama’s first stop was the West Village home of movie producer Harvey Weinstein and his wife, fashion designer Georgina Chapman, where about 65 people paying between $16,200 and $20,000 gathered around tables draped in white linen to hear the president speak.
Although federal authorities announced the contractor who headed the controversial CityTime automated payroll project will pay over $500 million in restitution, which will largely to to the New York City’s coffers, Mayor Michael Bloomberg said the sudden cash infusion won’t be a budget panacea.
“We start out for the year after this with something like a 3 billion dollar deficit projected, so this will help close that,” Mr. Bloomberg said while simultaneously cautioning the budget will be one “where we have to make choices of ‘either or.’”
Republican National Committee Chairman Reince Priebus is demanding President Obama return $500,000 in campaign contributions Jon Corzine raised on his behalf now that the FBI is reportedly investigating the collapse of Mr. Corzine’s hedge fund brokerage, MF Global.