Left-Wing Democrat Zohran Mamdani Shocks Andrew Cuomo in NYC Mayoral Primary
In a major political upset, former New York Governor Andrew Cuomo conceded, to state assemblyman Zohran Mamdani in the Democratic primary for New York City mayor.
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Business Insider
7 minutes ago
- Business Insider
The finance-world memes about Mamdani's expected NYC primary win
Assemblyman Zohran Mamdani shocked New York by leading the Democratic mayoral primary. His victory isn't assured yet. There's still a general election to come. Many in the finance world are struggling to accept his possible win, as showcased in the memes they posted. Wall Street is posting through it. Assemblyman Zohran Mamdani shocked New York on Tuesday night by becoming the presumptive Democratic nominee for mayor. Mamdani, a 33-year-old democratic socialist, ran on a platform that has terrified some in the business community. Of particular concern to finance types, he wants to raise corporate taxes to 11.5% and add a 2% income tax on New Yorkers making more than $1 million. Former Gov. Andrew Cuomo, the previous frontrunner, conceded to Mamdani, though an official outcome for the primary won't come until July 1, after ranked-choice results are tabulated and announced. Here are some of the notable reactions so far View this post on Instagram A post shared by New Yorkers (@newyorkers) You and your friends better get out and vote, asshole… cuz we're not coming for 20% of your carried interest… we're coming back for 100% of it (She's a Bushwick Zohran girly who's dad is a SMD at Blackstone) — LBO Vinny (@LeveredVinny) June 25, 2025 When you were partying, I was out capturing rats. While you were at work, I was out at the club. While you were ordering DoorDash, I was puffing a hookah And now that the world is on fire and the barbarians are at the gate, you have the audacity to come for me for help? — High Yield Harry (@HighyieldHarry) June 24, 2025 View this post on Instagram A post shared by Overheard on Wall Street (@overheardonwallstreet) X/Boring_Business people who moved from nyc to greenwich before zohran — sophie (@netcapgirl) June 25, 2025 every NYC finance guy on my main feed right now — 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 (@EffMktHype) June 25, 2025 Tuesday's results aren't the final word. Cuomo could still run as a third-party candidate in November. New York Mayor Eric Adams is already running as an independent. And Curtis Sliwa, founder of the Guardian Angels, is once again the Republican Party's nominee.
Los Angeles Times
12 minutes ago
- Los Angeles Times
Congresswoman pleads not guilty to assault charges stemming from immigration center visit
NEWARK, N.J. — U.S. Rep. LaMonica McIver pleaded not guilty Wednesday to federal charges accusing her of assaulting and interfering with immigration officers outside a New Jersey detention center during a congressional oversight visit at the facility. 'They will not intimidate me. They will not stop me from doing my job,' she said outside the courthouse in Newark after the brief hearing. McIver, a Democrat, was charged by interim U.S. Atty. Alina Habba, a Republican appointed by President Trump, following the May 9 visit to Newark's Delaney Hall. Immigration and Customs Enforcement uses the privately owned, 1,000-bed facility as a detention center. This month she was indicted on three counts of assaulting, resisting, impeding and interfering with federal officials. Two of the counts carry a maximum sentence of up to eight years in prison. The third is a misdemeanor with a maximum punishment of one year in prison. During Wednesday's hearing, McIver stood and told U.S. District Judge Jamel Semper: 'Your honor, I plead not guilty.' The judge set a Nov. 10 trial date. Outside the courthouse, McIver warned that anyone who pushes back against the Trump administration will find themselves in a similar position. McIver's lawyer, former U.S. Attorney for New Jersey Paul Fishman, said McIver pleaded not guilty because she is not guilty. He said federal agents created a risky situation at Delaney Hall. A message seeking comment Wednesday was left with Habba's office. Among those at McIver's side Wednesday were her family and elected officials, including Newark Mayor Ras Baraka, who was outside the detention center with McIver and other legislators on May 9. Baraka was also arrested on a trespassing charge that was later dropped and is suing Habba over what he called a malicious prosecution. Baraka accused the Trump administration of using law enforcement as 'an appendage of their ideology to begin to hammer us.' The indictment of McIver is the latest development in a legal-political drama that has seen the Trump administration take Democratic officials from New Jersey's largest city to court amid the president's ongoing immigration crackdown and Democrats' efforts to respond. The prosecution is a rare federal criminal case against a sitting member of Congress for allegations other than fraud or corruption. A nearly two-minute video clip released by the Department of Homeland Security shows McIver at the facility inside a chain-link fence just before Baraka's arrest on other side of the barrier, where other people were protesting. McIver and uniformed officials go through the gate, and she joins others shouting that they should circle the mayor. The video shows McIver in a tightly packed group of people and officers. At one point her left elbow and then her right elbow push into an officer wearing a dark face covering and an olive green uniform emblazoned with the word 'Police.' It is not clear from police bodycam video if the contact was intentional, incidental or the result of jostling in the chaotic scene. The complaint alleges that she 'slammed' her forearm into an agent and then tried to restrain the agent by grabbing him. The indictment also says she placed her arms around the mayor to try to stop his arrest and says again that she slammed her forearm into and grabbed an agent. Democrats including New Jersey Reps. Bonnie Watson Coleman and Rob Menendez, who were with McIver at the detention center that day, have criticized the arrest and disputed the charges. Members of Congress are legally authorized to go into federal immigration facilities as part of their oversight powers, even without notice. Congress passed a 2019 appropriations bill spelling out that authority. McIver, 39, first came to Congress in September in a special election after the death of Rep. Donald Payne Jr. left a vacancy in the 10th District. She was then elected to a full term in November. A Newark native, she was president of the Newark City Council from 2022 to 2024 and worked in the city's public schools before that. Catalini writes for the Associated Press.
Politico
16 minutes ago
- Politico
Bove confirms POLITICO report on his harsh management style
With President Donald Trump's July 4 deadline drawing near, Senate Majority Leader John Thune told POLITICO on Tuesday night he believes the Senate is 'on a path' to start voting on the megabill Friday. But he's got several fires to put out first. For one, he's under immense pressure to water down the Medicaid provisions the Senate GOP is counting on for hundreds of billions of dollars worth of savings. Speaker Mike Johnson is warning in private that Senate Republicans could cost House Republicans their majority next year if they try to push through the deep Medicaid cuts in the current Senate version, according to three people granted anonymity to describe the matter. That comes as Sen. Thom Tillis (R-N.C.) cautions GOP senators that those same cutbacks could become a political albatross for Republicans just as the Affordable Care Act was for Democrats. '[Barack] Obama said … 'if you like your health care you can keep it, if you like your doctor we can keep it,' and yet we had several million people lose their health care,' the in-cycle senator told reporters Tuesday. 'Here we're saying [with] Medicaid, we're going to hold people harmless, but we're estimating' millions of people could lose coverage. GOP leaders are trying to ease concerns by preparing to include a fund to help rural hospitals that could be harmed by the reductions, even as Thune insisted Tuesday 'we like where we are.' Sen. Susan Collins (R-Maine), who's been pushing for the fund, said while that 'helps lessen the impact,' she remains 'concerned about the changes in the funding for Medicaid in general.' The other drama hanging over the bill are several imminent, critical rulings from Senate Parliamentarian Elizabeth MacDonough. Several committees that already have rulings in hand are due to release revised text as soon as this morning, according to a person familiar with the plans. And Republicans could know as soon as Wednesday whether MacDonough will clear major parts of their tax package. As of late Tuesday, the parliamentarian had not yet ruled on provisions linked to the so-called current policy baseline, an accounting maneuver that zeroes out the costs of $3.8 trillion of expiring tax cuts, according to two people granted anonymity to disclose the private discussions. Make no mistake: Adverse rulings could send Republicans back to the drawing board on making their tax plan permanent or otherwise force them to go nuclear and override or ignore MacDonough altogether. There's uncertainty from all sides about how that would play out, given the gambit has never been tried before with tax legislation. This much is already clear: With the tax package in flux and Medicaid savings under threat, GOP leaders have a major math problem on their hands. And House fiscal hawks are watching to see, regardless of the accounting method, whether the Senate sticks to the budget deal they agreed to with Johnson earlier this year. What else we're watching: — Bove on the Hill: Senate Judiciary lawmakers will convene the first blockbuster judicial hearing of the second Trump administration later Wednesday, where they will grill Emil Bove, a top Justice Department official and former criminal defense lawyer for Trump who has a shot at a lifetime appointment on the federal bench. Some even see him as a potential future Trump Supreme Court nominee. — Vought testifies on rescissions: OMB Director Russ Vought will testify in front of the Senate's full bench of appropriators Wednesday afternoon to justify the White House's request for $9.4 billion in cuts of previously approved money. Expect pointed questioning from various Republicans on the panel, including Collins, who has publicly opposed cuts to PEPFAR, the HIV and AIDS foreign aid program. — Iran briefings incoming: Senators will have a postponed briefing on the situation in Iran on Thursday, after which Democrat Tim Kaine (Va.) is aiming to call a vote on his resolution seeking to block further U.S. military action against Iran. On the House side, Speaker Johnson said that members will now be briefed Friday. Minority Leader Hakeem Jeffries said Tuesday there had been no Gang of Eight meeting yet. Jordain Carney, Meredith Lee Hill and Hailey Fuchs contributed to this report.
