In this Thursday, Sept 25, 2008 file photo, New York Mayor Michael Bloomberg participates in a panel discussion at the Clinton Global Initiative annual meeting in New York. Bloomberg has decided to try to reverse the term-limits law he had long supported so he can seek a third term next year and help the city emerge from financial turmoil, a person close to the mayor told The Associated Press on Tuesday, Sept. 30, 2008. (AP Photo/Jason DeCrow)