Gov. Andrew Cuomo said this week that if the federal debt ceiling isn't increased by month's end, it could cost New York up to $2 billion.
"Congressional dysfunction has already hurt New York and the nation's economies by fueling a lack of consumer confidence nationwide," Cuomo said in a statement. "Jeopardizing our full faith and credit is a new level of recklessness and irresponsibility that would have dire consequences and could cause irreparable damage to our economy."
Cuomo added that if the debt ceiling isn't increased, it would damage state revenues and would lead to sizable job losses throughout all sectors, most notably private employment because a default has the potential to cause another recession.
County Executive Ed Mangano and Democratic challenger Tom Suozzi butted heads at their first debate Tuesday night on everything from taxes to the redevelopment of the Nassau Coliseum.
As loyal supporters cheered and booed at The Wheatley School in East Williston, Mangano touted his property tax cuts, plans for the Coliseum, and storm readiness, while Suozzi highlighted plans for bringing postgraduates back to the Island.Grant Heralds Final Phase of Waterfront Cleanup
The City of Glen Cove announced Thursday that the final phase of environmental clean-up at the City’s waterfront, the last 1.5 percent of a three decade, multi-jurisdictional effort, will begin thanks to $815,000 from the Environmental Protection Agency (EPA).
The funds will support the clean-up of the Doxey site in Glen Cove, which is the final brownfield site in Glen Cove’s Waterfront Redevelopment Area.
This grant was the second highest award made in the United States in this funding round, in recognition of the importance of completing Glen Cove’s waterfront clean-up and advancing the waterfront redevelopment. Federal funding was awarded by the EPA’s Brownfields Program, which helps communities assess, clean up, redevelop and reuse contaminated properties.