New York City Mayor Eric Adams dropped out of the city\u2019s mayoral race on Sunday, halting his re-election campaign just five weeks before Election Day.<\/p>\n
Adams announced his decision in a nearly nine-minute video posted on social media, offering no clues about his plans after leaving office.<\/p>\n
“It\u2019s been an honor to be your mayor,” Adams said in his announcement, as he highlighted what he described as achievements related to crime reduction, housing affordability and economic recovery during his time in office.<\/p>\n
“And yet despite all that we have achieved, I cannot continue my re-election campaign,” he said, adding that he was unable to raise the funds for a “serious campaign.”<\/p>\n
The move followed weeks of speculation he might clear the way for former Gov. Andrew Cuomo in a contest where Democratic nominee<\/p>\n
Adams has also trailed both Mamdani and Cuomo significantly in campaign fundraising and spending.<\/p>\n
Mamdani framed Adams’ exit as a pivotal moment, pledging that voters in November will “turn the page on the politics of big money and small ideas.”<\/p>\n
“Donald Trump and his billionaire donors might be able to determine Eric Adams and Andrew Cuomo\u2019s actions but they will not dictate the results of this election,” Mamdani wrote in a statement.<\/p>\n
Meanwhile, Republican candidate Curtis Sliwa\u2019s campaign framed him as the strongest challenger to Mamdani.<\/p>\n
“Curtis Sliwa is the only candidate who can defeat Mamdani. Our team, our resources, and our funding are unmatched,” campaign spokesperson Daniel Kurzyna wrote in a statement.<\/p>\n
Cuomo’s campaign did not immediately respond to Fox News Digital’s request for comment.<\/p>\n
Adams’ exit comes as New York City eyes the potential election of 33-year-old democratic socialist upstart Mamdani.<\/p>\n
Mamdani’s ascent has drawn national notice: President Donald Trump told reporters earlier this month he\u2019d “like to see two people drop out” of the NYC mayoral race to improve the chances of beating Mamdani.<\/p>\n
The Trump administration has slammed Mamdani\u2019s economic agenda, casting it as a threat to business and growth. The White House did not immediately respond to Fox News Digital’s request for comment.<\/p>\n
Mamdani has placed affordability at the center of his campaign to lead America\u2019s largest city, pitching ideas such as free buses, city-owned grocery stores, and rent freezes for tenants in rent-stabilized apartments.<\/p>\n
Those proposals have energized progressive voters but rattled Wall Street, where executives warn they could drive investment out of New York and weaken the city\u2019s tax base.<\/p>\n
Treasury Secretary Scott Bessent said on Wednesday that Mamdani\u2019s proposals risk driving New York City into financial crisis, warning that if the city turns to Washington for a bailout, it won\u2019t receive one.<\/p>\n
“You can\u2019t enact policies like this and expect to be bailed out,” Bessent said during an interview with FOX Business’ Maria Bartiromo on “Mornings with Maria.”<\/p>\n
Fox News<\/p>\n","protected":false},"excerpt":{"rendered":"
New York City Mayor Eric Adams dropped out of the city\u2019s mayoral race on Sunday, halting his re-election campaign just five weeks before Election Day. Adams announced his decision in a nearly nine-minute video posted on social media, offering no clues about his plans after leaving office. “It\u2019s been an honor to be your mayor,” Adams said in his announcement, as he highlighted what he described as achievements related to crime reduction, housing affordability and economic recovery during his time in office. “And yet despite all that we have achieved,<\/p>\n","protected":false},"author":3,"featured_media":17149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-17148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/posts\/17148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/USBnews24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17148"}],"version-history":[{"count":1,"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/posts\/17148\/revisions"}],"predecessor-version":[{"id":17150,"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/posts\/17148\/revisions\/17150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/USBnews24.com\/index.php?rest_route=\/wp\/v2\/media\/17149"}],"wp:attachment":[{"href":"https:\/\/USBnews24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/USBnews24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/USBnews24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}