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Thursday, March 12, 2026
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Article Daily Wire

Three Months Into Mamdani’s Term, NYC Gets A Big Credit Downgrade

Daily Wire March 12, 2026 · 8:42 am Read Original
Bearish -71.4
−100 Bearish 0 +100 Bullish
Three Months Into Mamdani’s Term, NYC Gets A Big Credit Downgrade

Moody’s downgraded New York City’s financial outlook from “stable” to “negative” on Wednesday, citing a projected $5.4 billion budget deficit. The deficit was unveiled by Democratic Mayor Zohran Mamdani during a preliminary budget hearing in February. Mamdani has proposed increasing the city’s budget from $115 billion under his predecessor to $127 billion for the upcoming fiscal ...

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Article Info
Source Daily Wire
Published Mar 12, 2026 · 8:42 am
Article ID ivblblx
Original URL Open source
Sentiment Signal
Bearish -71.4
−100Neutral+100
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