Political battle over livery cabs

September 24, 2011 2:56:45 PM PDT
A growing political battle in Albany over legislation allowing livery cabs to pick up street hails in New York City's outer boroughs and Upper Manhattan.

Assembly Speaker Sheldon Silver wants Governor Andrew Cuomo to sign the bill saying it would generate a billion dollars for the city.

The legislature has already approved the proposal.

However, the governor says support for the legislation is weakening.

Mayor Bloomberg argues the bill is crucial to the city's economy.