Gov. Andrew Cuomo is in Albany. At 10 a.m., he holds a cabinet meeting in the Capitol’s Red Room.

Also at 10 a.m., former LG Richard Ravitch and former Federal Reserve Board Chair, Paul A. Volcker, founders of the State Budget Crisis Task Force, will release a report on the fiscal challenges facing New York. Roosevelt House, Public Policy Institute at Hunter, 47-49 East 65th St., Manhattan.

And one more at 10 a.m.: The state Assembly will hold a public hearing to examine the affordability and accessibility of long term care insurance. Hearing Room C, LOB, Albany.

JCOPE meets at 10:30 a.m. 540 Broadway, Albany.

Headlines…

Two of the 6-year-old Newtown shooting victims were laid to rest, as investigators continue to try to figure out why the incident happened in the first place.

The shooter, Adam Lanza, appears to have damaged his hard drive before going on his rampage, making it difficult for police to extract any information from it.

Dawn Hochsprung, the principal killed in the massacre, was the cousin of a University at Buffalo official.

A Queensbury school employee is the nephew of Hochsprung.

Dick’s Sporting Goods, one of the largest sporting goods retailers in the world, says it has removed all guns from its store nearest to Newtown, Connecticut, and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.

Wal-Mart Stores Inc., the largest seller of guns and ammunition in the country, removed a website listing for a semiautomatic assault rifle similar to the gun used by Lanza.

A “visibly angry” Mayor Bloomberg launched a new campaign against gun violence, including a web page with a set of videos from 34 people affected by gun violence asking political leaders to tighten gun laws.

Cuomo called for toughening assault-weapon bans at both the state and federal levels in the wake of the Newtown massacre.

Newtown might provide the National Rifle Association with its first real political test in a over a decade.

Bill Hammond writes: “New York’s gun control laws rank as the fourth toughest in the nation, or so says the Brady Campaign to Prevent Gun Violence. Unfortunately, that’s a bit like winning Miss Congeniality in a frog beauty pageant.”

Westchester County Executive Rob Astorino has decided the Westchester County Center will not host a February gun show in the wake the Newtown shooting.

After his milestone 900th career victory, Syracuse basketball coach Jim Boeheim’s final remarks were about gun control.

A fiscal cliff deal is looking more likely in Washington.

The Senate Democrats tapped Sen. Andrea Stewart-Cousins to be their new minority leader, making her the first woman to head a legislative conference in Albany history.

Stewart-Cousins ousted Senate Minority Leader John Sampson on a 19-6 vote.

Sen. Ruben Diaz Sr. told the TU that he Harlem Sen. Bill Perkins, Brooklyn Sen. Eric Adams, Westchester Sen. Ruth Hassell-Thompson and Washington Heights Sen. Adriano Espaillat voted for Sampson. (See above link).

Tom Kaplan writes: “The election of Ms. Stewart-Cousins is unlikely to affect control of the Senate in the short term. But she has less baggage than Mr. Sampson, and Democrats hope she will help them take control of the Senate at some point.”

After spending months defending a plan to hike Thruway tolls on trucks by 45 percent, the Cuomo administration abruptly changed course and decided to drop what business groups had called a $90 million backdoor tax on consumers during a struggling state economy.

Cuomo has rejected a bid by state lawmakers to return Off-Track Betting parlors to New York City.

The governor signed legislation to create a new state agency he says will better protect about a million New Yorkers with disabilities and special needs under state-funded care.

Members of the City Council and Saratoga County Board of Supervisors are expected to pass separate resolutions today expressing strong support for full-blown gaming at Saratoga Casino and Raceway.

The NYC teacher evaluations were released, and the media barely noticed.

Republican Assemblyman George Amedore, ahead by 39 votes, declared victory in the 46th SD race, but the Democrats vowed to appeal.

New York spends around $2 billion a year on preschool for children with disabilities, yet the State Education Department has not visited and audited a single contractor involved in the program since 2007, the state comptroller’s office has found.

The State University of New York is now mandating the reporting of child sexual abuse on university property or at university-sponsored events.

In the US Senate, debate has started over President Obama’s $60.4 billion Sandy disaster aid request. Republicans want a smaller package.

NBC News says correspondent Richard Engel has been freed after spending 5 days in captivity in Syria.

Secretary of State Hillary Clinton is “on the mend” and working from home after suffering from a concussion.

Legendary filmmaker Martin Scorsese will direct and produce an authorized HBO documentary on former President Bill Clinton.

RIP, US Sen. Daniel Inouye, of Hawaii, the second-longest serving senator in US history. Aloha.