Overview
- Zohran Mamdani won New York City’s mayoralty with the highest turnout in more than 50 years, becoming the city’s first Muslim mayor.
- Democrats also captured governorships in Virginia and New Jersey and passed a California redistricting referendum expected to improve their House prospects.
- A DNC memo pledged to run in 2026 as the “party of affordability,” even as leaders debate whether Mamdani’s progressive model should guide national campaigns.
- The Supreme Court heard a challenge to the president’s unilateral tariffs, and justices signaled skepticism about his authority to impose them without Congress.
- Challenger, Gray & Christmas reported 1.1 million job cuts so far in 2025 and the worst October for layoffs since 2003, adding to economic strains.