Comptroller Mark Levine expresses concern over Zohran Mamdani’s budget, says “New York spending more than it takes in”

Mark Levine, the Comptroller of New York City, has expressed concern over the Zohran Mamdani administration’s inaugural budget, which increased net spending estimates by $4.14 billion in FY 2026 and $5.39 billion in FY 2027 and an average of $8.46 billion in FY 2028 through FY 2030. Levine, in his analysis published on Wednesday, projected…

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The age of a treacherous, falling dollar

Over the past year President Donald Trump has bullied America’s allies with tariffs, bludgeoned the Federal Reserve and treated the budget deficit as if it were just a distraction. Yet most asset markets blithely carry on as if nothing were wrong. In the past 12 months the S&P 500 index of stocks has risen by…

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