Breaking News in Giuliani Campaign; Will the Broadway Strike Ever End?

Behind The News
December 1, 2007 9:05:07 AM PST
As I write this we're working on a breaking news story about Rudy Giuliani. The website Politico.Com is reporting that the former Mayor, while in office, billed "obscure city agencies for tens of thousands of dollars in security expenses ... during a time when he was beginning an extramarital relationship with future wife Judith Nathan in the Hamptons."The web site has documents, obtained under the Freedom of Information Law, that it says shows the security costs had nothing to do with the functions of the agencies that defrayed the expenses -- agencies like the one responsible for regulating loft apartments, aiding the disabled and providing lawyers for indigent defendants.

City auditors asked the Giuliani about the expenses at the time; he reportedly said they were for "security."

We'll have the story and reaction tonight at 11. And the timing's not good for the Republican Presidential candidate: Tonight he'll be at a debate sponsored by YouTube and CNN.

Also at 11, what's the old saw about loose lips sinking ships? Now we can apply the adage to stocks instead of ships. Oh and change the sinking to raising.

A top Federal Reserve official this morning gave a speech to the Council on Foreign Relations in New York City, and suggested that there might be additional interest rate cuts. The Fed, said its vice chairman Donald Kohn, "will act as needed."

The reaction was fast. The market as I write this is up -- way up -- more than 330 points up.

Were the remarks intentional? Or was it really just an unusually candid moment?

Well have the final totals, tonight at 11.

Also at 11, is there progress in the Broadway stagehand strike -- a strike that has virtually crippled the theatre district and cost New York City millions of dollars? Jen Maxfield is following the progress of the talks for us tonight.

And under the heading: How Not To Handle a Divorce -- a judge expected to decide tomorrow the fate of Jacqueline McGreevey, the 6-year-old daughter of Jim and Dina McGreevey.

She is caught in what can only be described as a nasty battle of two divorcing parents who are niggling over which parent does and doesn't get to attend her birthday party this weekend. How sad.

And our investigative reporter Jim Hoffer tonight takes a look at how tax dollars are being used to help the richest Native American tribe on earth -- money used to maintain their roads and shovel their snow. There is nothing illegal -- just a question of fairness.

We'll also have any breaking news of the night, plus Lee Goldberg's AccuWeather forecast and Scott Clark with the night's sports. I hope you can join Liz Cho and me, tonight at 11.