M.T.A. Crisis, Council Income

“The word draconian is not inappropriate,” said M.T.A. chief Elliot Sanders describing the authority's fiscal problems, and potential solutions. [City Room]

Chuck Schumer promised Wall Street more regulation. [WSJ]

Liz reports that Bronx Democrats are all talking about a rumble in Puerto Rico. [DP]

All proposals for development of the Red Hook waterfront were rejected by the city, but it's not clear why. [Brooklyn Paper]

A former State Senate Democratic staffer heralds a new era, and praises Dan Squadron. [Brooklyn Heights Blog]

Darlene Mealy said one result of her dropping  opposition to extending term limits was to "build my relationship with the speaker and the mayor."  [City Room]

The Obama transition team hired a progressive liason. [Huff]

Mike McMahon and Domenic Recchia make the most money of City Council members. [Gotham Gazette]

M.T.A. Crisis, Council Income