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New York Metropolis Mayor Eric Adams dropped out of town’s mayoral race on Sunday, halting his re-election marketing campaign simply 5 weeks earlier than Election Day.
Adams introduced his choice in an almost nine-minute video posted on social media, providing no clues about his plans after leaving workplace.
ZOHRAN MAMDANI LANDS KEY ENDORSEMENT IN NEW YORK CITY MAYORAL RACE
“It’s been an honor to be your mayor,” Adams stated in his announcement, as he highlighted what he described as achievements associated to crime discount, housing affordability and financial restoration throughout his time in workplace.
Eric Adams, mayor of New York, listens throughout a Home Oversight and Governmental Affairs Committee listening to in Washington, D.C., on Wednesday, March 5, 2025. (Al Drago/Bloomberg/Getty Photos)
“And but regardless of all that we now have achieved, I can not proceed my re-election marketing campaign,” he stated, including that he was unable to lift the funds for a “severe marketing campaign.”
The transfer adopted weeks of hypothesis he would possibly clear the way in which for former Gov. Andrew Cuomo in a contest the place Democratic nominee Zohran Mamdani, a democratic socialist, has gained momentum.
NEW POLL REVEALS MAMDANI STILL HOLDS COMMANDING DOUBLE-DIGIT LEAD OVER RIVALS IN NYC MAYORAL RACE
Adams has additionally trailed each Mamdani and Cuomo considerably in marketing campaign fundraising and spending.
Mamdani and Cuomo’s marketing campaign didn’t instantly reply to Fox Information Digital’s request for remark.
New York Metropolis Mayoral Candidate Zohran Mamdani (L) and New York Metropolis Mayor Eric Adams attend the annual 9/11 Commemoration Ceremony on September 11, 2025 in New York Metropolis. (Michael M. Santiago/Getty Photos)
Adams’ exit comes as New York Metropolis eyes the potential election of 33-year-old democratic socialist upstart Mamdani.
Mamdani’s ascent has drawn nationwide discover: President Donald Trump instructed reporters earlier this month he’d “wish to see two folks drop out” of the NYC mayoral race to enhance the probabilities of beating Mamdani.
CLICK HERE FOR THE LATEST FOX NEWS COVERAGE OF THE NEW YORK CITY MAYORAL SHOWDOWN
The Trump administration has slammed Mamdani’s financial agenda, casting it as a risk to enterprise and development. The White Home didn’t instantly reply to Fox Information Digital’s request for remark.
Mamdani has positioned affordability on the middle of his marketing campaign to guide America’s largest metropolis, pitching concepts reminiscent of free buses, city-owned grocery shops, and lease freezes for tenants in rent-stabilized residences.
(Angela Weiss/AFP/Getty Photos)
These proposals have energized progressive voters however rattled Wall Avenue, the place executives warn they might drive funding out of New York and weaken town’s tax base.
TREASURY’S BESSENT WARNS NYC: NO BAILOUT UNDER MAMDANI – ‘DROP DEAD’
Treasury Secretary Scott Bessent stated on Wednesday that Mamdani’s proposals threat driving New York Metropolis into monetary disaster, warning that if town turns to Washington for a bailout, it received’t obtain one.
“You possibly can’t enact insurance policies like this and anticipate to be bailed out,” Bessent stated throughout an interview with FOX Enterprise’ Maria Bartiromo on “Mornings with Maria.”
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“And are you going to present them that bailout?” Bartiromo pressed.
“Will probably be the identical factor that Gerald Ford stated. Drop useless,” Bessent stated.
