The Lede: City Budget

Federal FMAP money may not be heading to Albany.

Financial regulation deal includes Volcker Rule: That "restricts the ability of banks whose deposits are federally insured from trading for their own benefit. That measure had been fiercely opposed by banks and large Wall Street firms."

Lincoln's deal with NY Democrats "would allow banks to trade interest-rate swaps, certain credit derivatives and others—in other words the kind of standard safeguards a bank would take to hedge its own risk."

For Democrats, 2010 will be more painful than 1994 because they have more vulnerable seats to defend.

Here's the chart backing it up.

Namazee's sentencing is on June 30, and he could get 15 to 20 years.

Kruger is accused of shaking down a local nightclub owner.

Bloomberg pushes immigration, which a City Hall insider says probably isn't on the White House agenda.

Also, Bloomberg: "We're not a pressure group; we're an information group."

Murdoch: "We’re just going to keep the pressure on the congressmen."

"The mayor’s strong case would be even stronger if he weren’t trying to eliminate some legal services and English classes for immigrants."

Bloomberg couldn't wait to deliver the city budget.

Libraries aren't expected to close.

Thirty to 40 senior centers will be cut, and library service gets cut from six to five days.

Firehouses were spared.

One thousand city workers will be laid off, and 2,000 teacher positions will be lost to attrition.

"The city is bracing for a cut in state aid that could total as much as $1.3 billion."

It's unclear how much member items will shrink.

Bloomberg will march with Log Cabin Republicans on Sunday.

LGBT are "decisively" behind Maloney and Schneiderman.

Paterson says raising some taxes may help close the state budget.

Spector: "Paterson said that about 10 percent to 13 percent of the deficit would be closed with new taxes."

Precious gets into the weeds on education financing.

Lazio discloses his income, using letter grades to stand for a wide range of dollar amounts.

Jose hears about Lindsay, the mayor and urban planner.

Monserrate confronts Moya at a church.

Allegretti attacks McMahon for supporting the Dream Act.

Ignizio backs the other Republican in the race, Michael Grimm.

Mayoral control in Rochester now has to pass the state Senate.

Bratton parties with Dinkins, Blakeman and others.

Despite the SCOTUS ruling, the Post says Bruno "abused the office he held for 14 years."

The Post also hopes Paterson holds the line on the budget.

And here's the other handshake deal last night, featuring Stu Loeser and Jamie McShane.