Iran War Turbulence Threatens Mamdani's NYC Budget
Fiscal watchdogs warn Mayor Mamdani's budget faces risk as Wall Street wobbles from Iran war uncertainty, oil price spikes, and slowing bonus growth.
By Rachel Stein
3 articles tagged with "Fiscal Policy"
Fiscal watchdogs warn Mayor Mamdani's budget faces risk as Wall Street wobbles from Iran war uncertainty, oil price spikes, and slowing bonus growth.
NYC Budget Director Sherif Soliman testified that deliberate underbudgeting under former Mayor Adams created the $5.4 billion fiscal hole Mamdani must now fix.
KBRA joins Moody's and S&P in issuing a negative financial outlook for NYC as Mayor Mamdani's administration battles a $7.3 billion budget deficit.