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International Business Times UK
International Business Times UK
World
Audrey Liza M. Nolasco

Zohran Mamdani Closed New York's $12 Billion Deficit — But Not the Way He Promised

Zohran Mamdani Deficit New York Jeff Bezos Kathy Hochul

Zohran Mamdani's $12 billion deficit has officially been closed in New York City's latest budget deal. Still, the headline victory is already colliding with a more complicated reality behind the scenes, one that involves state intervention, dropped tax threats, and growing warnings about fiscal smoke and mirrors.

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