{"id":251456,"date":"2025-09-24T16:15:15","date_gmt":"2025-09-24T16:15:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/251456\/"},"modified":"2025-09-24T16:15:15","modified_gmt":"2025-09-24T16:15:15","slug":"scott-bessent-says-feds-wont-bail-out-nyc-zohran-mamdani","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/251456\/","title":{"rendered":"Scott Bessent says feds won’t bail out NYC, Zohran Mamdani"},"content":{"rendered":"

The Trump administration will not bail out New York City in any financial crisis if Democratic mayoral candidate Zohran Mamdani follows through with his plans<\/a>, Treasury Secretary Scott\u00a0Bessent\u00a0said Wednesday.<\/p>\n

\u201cI guarantee you \u2014 and there are not a lot of things in life that are sure \u2014 that New York City will be coming to the federal government for a bailout if the Mamdani plans are implemented,\u201d\u00a0Bessent\u00a0said in an interview with Fox Business Network.<\/p>\n

Asked if he would give the city a bailout under those circumstances,\u00a0Bessent\u00a0said, \u201cIt will be the same thing that Gerald Ford said: \u2018Drop dead.’\u201d<\/p>\n

\"U.S.\u201cI guarantee you\u2026that New York City will be coming to the federal government for a bailout if the Mamdani plans are implemented,\u201d Treasury Secretary Bessent said Wednesday. REUTERS<\/p>\n

While former President Ford never actually said those words, a New York tabloid headline used the phrase to capture the moment in 1975 when the Republican president refused to bail out New York as it was on the verge of bankruptcy.<\/p>\n

Mamdani\u2019s office did not immediately return a request for comment on\u00a0Bessent\u2019s remarks.<\/p>\n

Bessent\u00a0called Mamdani the socialist prot\u00e9g\u00e9 of his social media sparring partner, Democratic Senator Elizabeth Warren, who spoke out this week against any\u00a0potential bailout\u00a0for Argentina\u2019s government by the Trump administration.<\/p>\n

The Treasury secretary did not specify which plans of Mamdani he thought could lead to financial trouble.<\/p>\n

Mamdani won his party\u2019s nomination in a June 24 primary with 56% of the vote and is now a leading candidate in the November election. <\/p>\n

\"ZohranZohran Mamdani won his party\u2019s nomination in a June 24 primary with 56% of the vote and is now a leading candidate in the November election. ZUMAPRESS.com<\/p>\n

His\u00a0proposals\u00a0include<\/a> rent freezes, free city buses, city-owned grocery stores and free childcare, paid for by raising corporate taxes and imposing an extra 2% tax on New Yorkers earning more than $1 million a year.<\/p>\n

Bessent\u00a0was interviewed on Fox\u2019s \u201cMornings with Maria.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Trump administration will not bail out New York City in any financial crisis if Democratic mayoral candidate…\n","protected":false},"author":3,"featured_media":251457,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,133150,64,5248,405,403,5226,5225,5228,5227,5341,80,18244,67,586,132,5230,68,2969,5301],"class_list":{"0":"post-251456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-bailouts","10":"tag-business","11":"tag-metro","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-nyc-mayoral-election-2025","19":"tag-politics","20":"tag-scott-bessent","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa","27":"tag-zohran-mamdani"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115260170194685365","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/251456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=251456"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/251456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/251457"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=251456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=251456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=251456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}