NYC Mayor Michael Bloomberg to seek third term

New York

Mayor Michael Bloomberg says he’s going to ask the City Council to change the city’s term-limits law so he can run for a third term.

Bloomberg said the city faces “unprecedented challenges” because of the economic downturn and he is ready to tackle them for another four years.

Bloomberg said he will ask the council to change the law and then will ask New Yorkers to “decide if I’ve earned another term.”

Right now, the mayor and council members are limited to two four-year terms.