Bloomberg Offers Advice to New President

Mayor says the president must forge a bipartisan agenda

Mayor Michael Bloomberg says there's nothing the next president can't achieve if he refuses to be bound by Washington's rules and pursues a bold bipartisan agenda.

Newsweek magazine says with the economy dominating election season it asked Bloomberg to write a memo to the new president outlining the risks and opportunities ahead.

Bloomberg's letter says leading the country out of a recession and laying the foundation for prosperity can't be done in a few months or with regulatory reform alone.

He says reforming the structures that govern financial institutions likely will be the hot topic of the next Congress. But he says it's critical John McCain or Barack Obama not allow Congress to confuse regulatory reform with an economic agenda.

Bloomberg also offers advice on infrastructure investment, green energy and immigration reform.

Copyright AP - Associated Press
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