Tonight we made history. In the words of Nelson Mandela, it always seems impossible until it is done. My friends, we have done it.I will be your Democratic nominee for the mayor of New York City. [Applause] [Music] An hour ago, I spoke with Andrew Cuomo about the need to bring this city about the need to bring this city together. We have won because New Yorkers have stood up for a city they can afford. ...

Zohran Mamdani is poised to become the Democratic nominee for mayor of New York City after the 33-year-old democratic socialist forced his opponent Andrew Cuomo, the former governor of the state, to concede within hours after polls closed. Mamdani, who just months ago was an unfamiliar name to most New Yorkers, racked up commanding leads across Brooklyn, Queens and Manhattan, even pushing Cuomo close in what was meant to be his stronghold of the Bronx. “Eight months after launching this campaign with the vi ...

What you get from Zoran Mamdani is a guy who is really sort of committed himself to progressive issues, right. He says he's going to take buses and make them free. He says he's going to do city funded grocery stores.These are all big left proposals. Right. Very, very big liberal proposals that will have to be moderated at a certain point.And so that is what they're getting with him. They're getting a person who says that he's going to do these progressive policies. But what you really know is that with anyb ...

Michelle Caruso-Cabrera, MCC Global Enterprises CEO, joins 'Squawk Box' to discuss the results of the New York City mayoral primary, what's next for state assemblyman and Democratic socialist Zohran Mamdani, what to expect in November's general election, and more. ...

Zohran Mamdani, a 33-year-old democratic socialist, leads the New York Democratic mayoral primary as CNN projects ranked-choice votes will decide the race. https://t.co/U6b95djeWQ ...

>> THERE YOU HAVE IT, THE GAVEL DROPS ON THE FIRST DAY OF TESTIMONY, DAY ONE OF TWO ON CAPITOL HILL THIS WEEK FOR FED CHAIR JAY POWELL. CONGRESSMAN FRANK LUCAS WRAPPING THINGS UP FOR US THERE. SEVERAL HOURS OF TESTIMONY.WE BROUGHT IT TO YOU LIVE HERE. I’M JOE MATHIEU IN WASHINGTON ALONGSIDE KAILEY LEINZ AS WE GET THINGS STARTED HERE ON THE TUESDAY EDITION OF "BALANCE OF POWER." THE FED CHAIR MADE IT CLEAR HE’S NOT READY TO LOWER RATES. CARO KAILEY: HE’S NOT MAKING ANY NEWS ON THE TRAJECTORY, REITERATING HE’ ...

The amount of the tariff affects, the size of the tariff affects their duration, and the time it will take are all highly uncertain. So that that is why we think the appropriate thing to do is to hold where we are. As we learn more and we think our policy stance is in a good place where we're well positioned to react to incoming developments, we have to be forward looking.And the thing that every forecaster, every outside forecaster and the Fed is saying is that we expect a meaningful amount of inflation to ...

Economic Policy Concerns - Democratic Socialist program is considered profoundly dangerous for New York, the Democratic Party, and the United States [1] - Economic populism, similar to President Trump's approach, poses dangers [2] - Proposed measures like free college, childcare, mass transit, rent control, and minimum wage increases financed by taxes on the wealthy are viewed as extremely dangerous [2] Political Implications - Democratic socialist candidate's economic approach is seen as more populist and dangerous than President Trump's [3] - Selecting the Democratic socialist candidate could brand the Democratic Party negatively [3] - The debate within the Democratic Party might be perceived as leaning towards extreme measures involving envy politics and government control of the economy [3] Wealth and Mobility - Tax increases on the wealthy are expected to be problematic due to their mobility [2]

We bring in Mark Leovich. His latest piece asks this question, "Where is Barack Obama?" And in it, Mark, you write in part, quote, "No matter how brazen Trump becomes, the most effective communicator in the Democratic party continues to opt for minimal communication. His audacity of hope presidency has given way to the fierce lethargy of semi-retirement." Obama's conspicuous scarcity while Trump inflicts such damage isn't just a bad look. It's a dereliction of the message that he built his career on.When Ob ...

When my father took over. At that time, the big fracture was upstate versus downstate. Yes.I lived it. Yes, We loved it. And upstate for non-New Yorkers, primarily Republican leaning conservative New York City at that time, very, very liberal.So that was the big divide. Now, it's basically within New York City and it's really within the Democratic Party. I mean, we have the Democratic-Republican schism, obviously, in New York City, but the Republican Party is relatively small in New York City.But we are wor ...