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New York City Mayor Eric Adams dropped out of the city’s mayoral race on Sunday, halting his re-election campaign.
Adams announced his decision in a nearly nine-minute video posted on social media, offering no clues about his plans after leaving office.
The move followed weeks of speculation he might clear the way for former Gov. Andrew Cuomo in a contest where Democratic nominee Zohran Mamdani, a democratic socialist, has gained momentum.
NEW POLL REVEALS MAMDANI STILL HOLDS COMMANDING DOUBLE-DIGIT LEAD OVER RIVALS IN NYC MAYORAL RACE
Adams has also trailed both Mamdani and Cuomo significantly in campaign fundraising and spending.
Mamdani and Cuomo’s campaign, did not immediately respond to Fox News Digital’s request for comment.
Adams’ exit comes as New York City eyes the potential election of 33-year-old democratic socialist upstart Mamdani.
Mamdani’s ascent has drawn national notice: President Donald Trump told reporters earlier this month he’d “like to see two people drop out” of the NYC mayoral race to improve the chances of beating Mamdani.
CLICK HERE FOR THE LATEST FOX NEWS COVERAGE OF THE NEW YORK CITY MAYORAL SHOWDOWN
The Trump administration has slammed Mamdani’s 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.
Mamdani has placed affordability at the center of his campaign to lead America’s largest city, pitching ideas such as free buses, city-owned grocery stores, and rent freezes for tenants in rent-stabilized apartments.
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’s tax base.
TREASURY’S BESSENT WARNS NYC: NO BAILOUT UNDER MAMDANI – ‘DROP DEAD’
Treasury Secretary Scott Bessent said on Wednesday that Mamdani’s proposals risk driving New York City into financial crisis, warning that if the city turns to Washington for a bailout, it won’t receive one.
“You can’t enact policies like this and expect to be bailed out,” Bessent said during an interview with FOX Business’ Maria Bartiromo on “Mornings with Maria.”
“And are you going to give them that bailout?” Bartiromo pressed.
“It will be the same thing that Gerald Ford said. Drop dead,” Bessent said.
This is a breaking news story; check back for updates.
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