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Trump Threatens to Cut NYC Funds if Mamdani Wins as Donors Rush to Bolster Cuomo

Prediction markets still favor Zohran Mamdani despite a late donor push for Andrew Cuomo.

Overview

  • President Trump warned on Truth Social that New York City would not receive federal money if Zohran Mamdani is elected, labeling him a “communist” and questioning the point of voting for him.
  • Mamdani said on CNN he is a democratic socialist and vowed to fight any attempt to withhold federal funds, arguing the city would pursue legal avenues to protect every dollar.
  • Mayor Eric Adams exited the race on Sept. 28, leaving a three-way contest among Mamdani, independent Andrew Cuomo and Republican Curtis Sliwa, though Adams’ name will still appear on the ballot.
  • Wealthy backers and super PACs are consolidating resources behind Cuomo, with reporting of a Midtown donor strategy session and large checks including $750,000 from Ronald Lauder and $50,000 from Deborah Simon to a Cuomo-aligned PAC.
  • Polling and betting markets continue to show Mamdani with a sizable lead over Cuomo and Sliwa, and political analysts say Adams’ withdrawal is unlikely to alter the race unless Sliwa steps aside, which he has refused to do.