The mayor did not name Mamdani during the event held on the steps of New York City Hall, but he alluded to some of the self-described Democratic socialist’s positions and background.
“I understand what he’s doing,“ Mamdani said of Adams on Thursday evening in an interview with CNN. “He’s trying to distract from his own record. His is a record where he raised rents on more than 2 million New Yorkers by 9% and he’s considering another 8% increase.”
Since Mamdani’s win, Adams has criticized the 33-year-old state assemblyman from Queens, saying he lacked experience and was campaigning on policy proposals he could not deliver.
Mamdani’s victory in the primary and potential win in the general election has prompted strong reactions from progressives, who have cheered his campaign’s upbeat tone and focus on economic issues, as well as conservatives and some in the business community, who have criticized his Democratic socialist policies.
Billionaire hedge fund manager Bill Ackman, who supported Trump in the 2024 election, offered financial backing for a challenger.
Ackman, a major shareholder in real estate development company Howard Hughes Holdings, said he has “a superb candidate who I can believe can win” but added “if I were to say his name or even reach out to him, it would have a negative effect on his candidacy, as I am a supporter of President Trump...”
“If someone is ready to raise their hand, I will take care of the fundraising,“ Ackman said.
“I will meet with them, and I’ll explain why I believe in the necessity of raising the top corporate tax rate,“ Mamdani said.
CNN and Fox News reported - both media outlets citing sources - late on Thursday that Cuomo would not drop out of the New York City mayoral race by the Friday deadline to remove himself from the general election ballot. (Reporting by Christian Martinez; additional reporting by Kanishka Singh; Editing by Paul Thomasch, Diane Craft and Kate Mayberry)
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