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Podcast: Bloomberg Talks
Episode: NYC Mayor Zohran Mamdani Talks Tax Hikes, City's Fiscal Deficit & More
Description: Wall Street’s booming year will not be enough to stave off a financial crisis that Mayor Zohran Mamdani says is worse than the Great Recession nearly two decades ago. “Wall Street’s announcement is something that is very encouraging and frankly will be helpful in dealing with a $12 billion fiscal deficit,” Mamdani said in an interview on Bloomberg Television’s Balance of Power on Thursday. But it might not be enough. “The reason I cannot point to Wall Street and say the deficit will be taken care of is simply the sheer scale of this...