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Chicago’s budget shortfall puts spotlight on Mamdani’s ‘socialism’ agenda for New York City
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Chicago Mayor Brandon Johnson warns that finances in the nation’s third most populous city have «reached a point of no return.»
The mayor said this week that the city will need to take steps to deal with looming budget shortfalls and that key systems that Chicago provides, including education, housing, health care and transportation, are «woefully underfunded.»
Eight-hundred miles to the east, there are concerns in the nation’s most populous city that if democratic socialist Zohran Mamdani wins the election in November as New York City’s next mayor, the city could be headed for a fiscal abyss similar to the crisis half a century ago, when it came close to bankruptcy.
CHICAGO TRIBUNE WARNS ‘HALLOWEEN COMES EARLY ‘ AS CITY FACES SHORTFALLS
Democratic socialist Zohran Mamdani, the Democratic Party’s mayoral nominee in New York City, speaks to reporters on Aug. 7, 2025. (AP Photo/Yuki Iwamura)
Incumbent Mayor Eric Adams, who dropped out of the 2025 race for New York City’s Democratic Party mayor nomination and who is running for re-election as an independent, struck a deal with the city council on a roughly $116 billion budget for fiscal year 2026.
«There are no perfect budgets. But we have come a long way, and this one gets pretty close,» City Council Speaker Adrienne Adams said at a press conference announcing the deal in late June.
CUOMO FLIPS SCIPT ON MAMDANI IN NEW YORK CITY MAYORAL RACE
But the 33-year-old Mamdani, who is the polling frontrunner over Adams, former New York State Gov. Andrew Cuomo, and two other contenders in November’s general election, is running on an expensive platform to tackle affordability and inequality in one of the nation’s most expensive cities.
Mamdani grabbed national attention in late June after topping Cuomo and nine other candidates in the Democratic Party primary, as he took a big step towards becoming the first Muslim and first millennial mayor.
Former New York Governor and independent candidate for NYC Mayor Andrew Cuomo attends the funeral of slain NYPD officer Didarul Islam at Parkchester Jame Masjid on July 31, 2025 in the Parkchester neighborhood of the Bronx borough in New York City. (Michael M. Santiago/Getty Images)
Mamdani, a Ugandan-born state assemblyman from the New York City borough of Queens, is proposing to eliminate fares to ride New York City’s vast bus system, making CUNY (City University of New York) «tuition-free,» freezing rents on municipal housing, offering «free childcare» for children up to age 5, and setting up government-run grocery stores.
There are concerns that the significant spending increases to pay for Mamdani’s proposals, along with the possibility of revenue shortfalls, could put a strain on New York City’s budget.
And at the center of Mamdani’s proposals to pay for his pricey plans is a «millionaire’s tax,» which critics say will spur ultra-wealthy New York City residents to flee.
Mamdani’s agenda has given Republicans plenty of fodder to use to go on offense, as they spotlight his «socialist» policies and try to anchor him to Democrats facing challenging re-elections next year. President Donald Trump has gone further, accusing Mamdani of being a «communist.»
And Mamdani’s rivals in November’s mayoral election are also taking aim at him.
Adams has said Mamdani is making «false promises» that will hurt low-income New Yorkers. And the mayor argues that Mamdani’s proposal to set up government-run supermarkets will «devastate the local bodegas and local stores.»
New York City Mayor Eric Adams officially launches his independent re-election bid on June 26, 2025, in New York City. (AP)
Cuomo, as he proposed his own plan to address affordability in New York City, said on Thursday that Mandani is «proposing a theory of socialism that has never worked anywhere.»
«What is the best answer to affordability? It is business development. It is opportunity. It is jobs. It is economic growth. It is not anti-business socialism,» Cuomo said as he asked and answered his own question.
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Firing back, Mamdani campaign spokesperson Dora Pekec claimed that «trusting Andrew Cuomo to address New York’s affordability crisis is the equivalent of tasking an arsonist with putting out a fire — he created this crisis.»
«Trusting Andrew Cuomo to address New York’s affordability crisis is the equivalent of tasking an arsonist with putting out a fire — he created this crisis,» Mamdani spokesperson Dora Pekec said in a statement.
zohran mamdani,donald trump,andrew cuomo,ericadams,new york city,chicago,2025 2026 elections coverage,elections
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FIRST ON FOX: A group of House Republicans is raising concerns about the potential effects of the U.S. importing Argentinian beef after President Donald Trump floated the idea earlier this week.
Rep. Julie Fedorchak, R-N.D., is leading seven other House GOP lawmakers in a letter to the president on Tuesday evening, warning the potential plan has rattled the multibillion-dollar American ranching industry.
«America’s cattle producers are among the most resilient and hardworking in the nation,» the Republicans wrote. «Collectively, the cattle industry supports thousands of jobs across our districts and contributes $112 billion to rural economies nationwide.»
«In recent days, we have heard strong concerns from producers regarding reports that the U.S. may import beef from Argentina.»
HOUSE PASSES TRUMP-BACKED PLAN TO AVERT GOVERNMENT SHUTDOWN
President Donald Trump speaks during a meeting with President of Argentina Javier Milei in the Cabinet Room at the White House in Washington, Oct. 14, 2025. (Kevin Dietsch/Getty Images)
The House Republicans acknowledged the «importance of strong trade relationships and diverse markets» but added that beef producers in their districts «are seeking clarity on how this decision will be made, what safety and inspection standards will apply, and how this policy aligns with your administration’s commitment to strengthening American agriculture.»
Trump suggested Sunday that buying beef from Argentina could help lower prices for Americans at home, amid a wider promise to lower costs for U.S. citizens.
«One of the things we’re thinking about doing is beef from Argentina,» Trump told reporters aboard Air Force One.
He later elaborated in his conversation with reporters, «We would buy some beef from Argentina. If we do that, that will bring our beef prices down.»
«Our groceries are down, our energy prices are down. I think we’re going to have $2 gasoline pretty soon. We’re getting close and everything’s down. The one thing that’s kept up is beef,» Trump said.
He added that it would not be «that much» but argued it would help Argentina, a U.S. ally, as well.
58 HOUSE DEMS VOTE AGAINST RESOLUTION HONORING ‘LIFE AND LEGACY’ OF CHARLIE KIRK
Cattle drive to Centennial Ranch, San Juan Mountains, Colorado. (Joe Sohm/Visions of America/Universal Images Group via Getty Images)
But the House Republicans questioned whether imported beef would be held to the same food safety and animal health requirements as that of the U.S., which they called «the gold standard.»
«Any import policy must hold foreign suppliers to those same rigorous standards. Introducing beef from countries with inconsistent safety or inspection records could undermine the confidence that U.S. ranchers have worked decades to earn,» the lawmakers warned.
«We respectfully request additional information on this matter and urge your administration to ensure that any future decisions are made with full transparency, sound science, and a firm commitment to the U.S. cattle industry. America’s producers can compete with anyone in the world. If given an opportunity, they will continue to respond quickly to the market demand for more quality American beef in our grocery stores.»
In addition to Fedorchak, the letter is also signed by Reps. Michelle Fischbach, R-Minn., Troy Downing, R-Mont., Gabe Evans, R-Colo., Dusty Johnson, R-S.D., Derek Schmidt, R-Kan., Jeff Hurd, R-Colo., and Republican Study Committee Chair August Pfluger, R-Texas.
White House spokesman Kush Desai told Fox News Digital in response, «The Trump administration remains committed to addressing the needs and concerns of American cattle producers and safeguarding their interests at home and abroad. That’s why the administration has secured billions in new export opportunities for American agricultural products in our historic trade deals with the UK, Japan, the EU, and others.»
«It’s also why the administration is focused on reversing a prolonged decrease in the supply of live cattle by growing American cattle herds with robust action to deliver disaster relief to cattle country, support new ranchers, and reduce risk for cattle producers,» Desai said.
Trump’s proposal has stirred some anxiety among some Republicans whose constituencies depend on cattle ranching.
Sen. Deb Fischer, R-Neb., posted on X Tuesday, «If the goal is addressing beef prices at the grocery store, this isn’t the way.»
«The U.S. has safe, reliable beef, and it is the one bright spot in our struggling ag economy. Nebraska’s ranchers cannot afford to have the rug pulled out from under them when they’re just getting ahead or simply breaking even,» Fischer wrote.
Meanwhile, Fox News Digital was told that Rep. Harriet Hageman, R-Wyo., also raised significant concerns about what importing beef from Argentina could do to the U.S. cattle ranching industry during a call with fellow House Republicans on Tuesday.
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But some Republican responses were more muted. Sen. Markwayne Mullin, R-Okla., told reporters that Trump «definitely identified a problem» regarding a shortage of cattle in the U.S. He added, «I understand what he’s trying to get done. I think there’s more ways to implement it.»
Fedorchak herself told Fox News Digital, «We’ve all received a number of questions and calls from our constituents over the last few days, so we are asking for clarity on the administration’s long-term plans. Our farmers and ranchers stand ready to deliver on the president’s America-First agenda. North Dakotans take great pride in producing the safest, highest-quality beef in the world — and we should be building on that success.»
house of representatives politics,politics,donald trump,republicans
INTERNACIONAL
Juan Manuel Santos, ex presidente de Colombia y Nobel de la Paz: “Los egos de los líderes llevados a esos extremos causan un tremendo daño»
Durante el foro de reflexión, Santos, Nobel de la Paz 2016, comentó un mensaje enviado por la líder disidente venezolana María Corina Machado, Premio Nobel de la Paz 2025. Foto: EFE/Enric FontcubertaINTERNACIONAL
Israel receives 2 more hostage coffins from Gaza through Red Cross operation as identification begins
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Israel on Tuesday received the coffins of two hostages returned from Gaza through the Red Cross, and officials said the remains will be identified before being released to their families as the military vowed to keep working to bring home all remaining captives.
Prime Minister Benjamin Netanyahu’s office said the coffins were handed over to the Israel Defense Forces (IDF) and Shin Bet force inside Gaza. From there, they will be transferred to Israel, where they will be received in a military ceremony with the chief military rabbi.
Once received, the coffins will be placed in the custody of the National Center of Forensic Medicine of the Ministry of Health, where they will be identified. The families will receive formal notification once the process is complete.
The prime minister’s office said all families of the deceased hostages have been updated and sympathy has been expressed for their loss.
ISRAEL NAMES TWO OF FOUR DEAD HOSTAGES RETURNED BY HAMAS, HOW THEY DIED
People walk past posters of hostages held by the Palestinian militant group Hamas in Gaza at Hostage Square in Tel Aviv Oct. 10, 2025. (Ahmad Gharabli/AFP via Getty Images)
«The effort to return our hostages continues ceaselessly and will not stop until the very last hostage is returned,» Netanyahu’s office said.
The news comes the same day remains of a hostage returned from Gaza were identified as Sgt. Maj. Tal Haimi, commander of Kibbutz Nir Yitzhak’s rapid response team.
REMAINS OF LAST FEMALE HAMAS HOSTAGE AND IDF SOLDIER HANDED OVER TO ISRAEL
Israeli Prime Minister Benjamin Netanyahu as President Donald Trump prepares to deliver remarks to the Knesset Oct. 13, 2025 in Jerusalem. (Kenny Holston/Pool/Getty Images)
Haimi was 41 when he died, and, according to the IDF, he was killed in combat while defending Kibbutz Nir Yitzhak during the Oct. 7, 2023, massacre. His remains were taken to Gaza, where they were held for more than two years.
Haimi’s family initially believed he was taken alive, and Israel declared him deceased Dec. 13, 2023.
REMAINS OF LAST FEMALE HAMAS HOSTAGE AND IDF SOLDIER HANDED OVER TO ISRAEL
The Israeli army held a military protocol for deceased hostage Tal Haimi. (IDF Spokesperson’s Unit)
Following the identification of Haimi’s remains, Netanyahu’s office expressed condolences to his family and reiterated its call for Hamas to release the remains of all deceased hostages for proper burial.
The IDF echoed the call, demanding Hamas fulfill its obligations under the agreement brokered by the Trump administration.
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On Oct. 13, 2025, the final 20 living hostages returned to Israel after more than two years in captivity. Since then, the remains of 28 deceased hostages have gradually been returned, while 13 others — including U.S. citizens Itay Chen and Omer Neutra and soldier Hadar Goldin, whose body has been held since 2014 — remain in Gaza.
Fox News Digital’s Rachel Wolf contributed to this report.
israel,terrorism,armed forces,benjamin netanyahu
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