• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsElections

New York’s mayoral race becomes a national test of economic populism as Mamdani challenges Cuomo’s comeback

By
Anthony Izaguirre
Anthony Izaguirre
,
Jill Colvin
Jill Colvin
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Anthony Izaguirre
Anthony Izaguirre
,
Jill Colvin
Jill Colvin
and
The Associated Press
The Associated Press
Down Arrow Button Icon
November 4, 2025, 10:24 AM ET
Democratic Mayoral Candidate Zohran Mamdani and his wife, Rama Duwaji, votes at The Frank Sinatra School of the Arts on November 04, 2025 in the Queens borough of New York City.
Democratic Mayoral Candidate Zohran Mamdani and his wife, Rama Duwaji, votes at The Frank Sinatra School of the Arts on November 04, 2025 in the Queens borough of New York City. Alexi J. Rosenfeld/Getty Images

 New York City’s voters are deciding the outcome of a generational and ideological divide that will resonate across the country Tuesday as they choose the next mayor to run the nation’s largest city.

Recommended Video

Zohran Mamdani, who won the Democratic primary earlier this year, faces former Gov. Andrew Cuomo, who is running as an independent, and perennial Republican candidate Curtis Sliwa, who is trying to land a massive upset.

A victory for Mamdani would give the city its first Muslim mayor and its youngest leader in generations, while elevating the democratic socialist to political stardom and giving his brand of economic populism one of the most visible political perches in America.

If Cuomo comes out on top, he will have staged a remarkable political comeback four years after resigning as governor over a barrage of sexual harassment allegations.

For Sliwa — the creator of the Guardian Angels crime patrol group and a longtime New York tabloid fixture — a win would put a Republican in charge of the nation’s largest city at a time when many New Yorkers are seeking a leader who can keep President Donald Trump at bay.

The race has made Mamdani a national figure as he has drawn the ire of Trump and other Republicans, who have tried to cast him as the face of a new, more radical Democratic Party. Trump has also threatened to take over the city if Mamdani wins, as well as arrest and deport the state Assembly member, who was born in Uganda but is a U.S. citizen.

Trump reluctantly endorsed Cuomo on the eve of the election, saying Mamdani would bring “disaster” to the city and encouraging Sliwa backers to vote for the former governor instead.

A rematch with key differences

Mamdani, a 34-year-old state lawmaker, already defeated Cuomo once in the Democratic primary, energizing progressives to score a surprise victory over the once-powerful former governor with a campaign that focused on lowering the cost of living in one of the country’s most expensive cities.

This time, Cuomo is counting on support from moderates and Republicans to win. And he’s hoping incumbent Mayor Eric Adams’ late exit from the race and eventual endorsement will give him a boost among their overlapping bases of centrists, Black voters and ultra-Orthodox Jews. He’s also received the endorsement of former New York City Mayor Michael Bloomberg, a billionaire who donated $1.5 million to a super PAC supporting Cuomo in the final days of the contest.

Mamdani has generated national buzz and won endorsements from big-name progressives, including U.S. Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez. He has promised to raise taxes on the richest New Yorkers and use the money to make city buses free and provide free, universal child care. He has also promised to freeze rent for people living in about 1 million rent-regulated apartments.

At the same time, Mamdani’s past criticism of the city’s police department and the Israeli government’s military actions in Gaza — which he has called genocidal — have unnerved some centrists who see him as a potential setback in their effort to broaden the party’s national appeal. Some Jewish leaders have also seized on his refusal to support Israel as a Jewish state, calling him a danger to Jews.

While Mamdani has distanced himself from some of his past rhetoric, some top New York Democrats remain concerned and have either been slow to endorse him or outright refused to.

Tuesday’s general election is being conducted as a traditional one, meaning the candidate who gets the most votes wins. The city’s party primaries were determined using ranked choice voting, which allowed voters to rank candidates in order of preference.

Sliwa’s path to victory is narrow in the overwhelmingly Democratic city, resting on his ability to secure the GOP vote with his tough-on-crime message and Noo Yawk attitude, while picking up moderates who don’t want to elevate Mamdani or return Cuomo to power.

Sliwa, 71, has ignored pressure from within his own party to suspend his campaign and create a one-on-one race between Cuomo and Mamdani. Trump himself dismissed Sliwa as “not exactly prime time.” In the race’s final weeks, Cuomo appealed to Sliwa’s supporters, arguing that a vote for the Republican was a vote for Mamdani.

Cuomo runs on his record but is dogged by his past

Trump and other Republicans have eagerly painted a dire picture of New York under Mamdani’s potential leadership.

Cuomo, 67, has carried a similar message. Running on an independent party line, he has positioned himself as a seasoned executive capable of managing the city’s vast bureaucracy, drawing a contrast with Mamdani’s relative inexperience.

Cuomo’s experience as governor is perhaps also his biggest vulnerability.

He resigned in 2021 following a report from the attorney general that concluded that Cuomo had sexually harassed at least 11 women. Some of the women complained about unwanted touches, flirting, kisses and suggestive comments. One aide filed a police report accusing him of groping her breast, though a district attorney declined to prosecute.

Cuomo initially apologized for some of his behavior, saying he had fallen out of step with what is considered appropriate workplace conduct. However, in recent months, he has been defiant — calling his accusers liars and blaming his downfall on political adversaries.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Anthony Izaguirre
See full bioRight Arrow Button Icon
By Jill Colvin
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Commentary
Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit
By Daniel BunnJanuary 26, 2026
2 days ago
placeholder alt text
Success
Despite running $75 billion automaker General Motors, CEO Mary Barra still responds to ‘every single letter’ she gets by hand
By Preston ForeJanuary 26, 2026
1 day ago
placeholder alt text
Economy
An unusual Fed ‘rate check’ triggered a free fall in the U.S. dollar and investors are fleeing into gold
By Jim EdwardsJanuary 26, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, January 26, 2026
By Joseph HostetlerJanuary 26, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 27, 2026
By Joseph HostetlerJanuary 27, 2026
12 hours ago
placeholder alt text
Success
'The Bermuda Triangle of Talent': 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out
By Eva RoytburgJanuary 25, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

man speaks at conference
CryptoCryptocurrency
Crypto giant Tether pushes into the U.S. with USAT stablecoin to challenge Circle
By Carlos GarciaJanuary 27, 2026
5 hours ago
President of France Emmanuel Macron speaks during an ambassadorial event in Paris.
EconomyWealth
Before California, France tried a wealth tax. Macron repealed it after rich people fled the country instead of paying
By Tristan BoveJanuary 27, 2026
7 hours ago
sala
PoliticsOlympics
‘This is a militia that kills’: Olympics rattled by ICE security detail as mayor declares ‘they are not welcome in Milan, without a doubt’
By Colleen Barry, David Biller, Trisha Thomas and The Associated PressJanuary 27, 2026
8 hours ago
trump
CybersecuritySocial Media
The White House vows ‘the memes will continue,’ but misinformation experts say please, make it stop
By Kaitlyn Huamani and The Associated PressJanuary 27, 2026
8 hours ago
lyons
LawMinnesota
Minnesota’s chief federal judge wants the head of ICE to explain why he shouldn’t be held in contempt
By Mike Catalini, Steve Karnowski and The Associated PressJanuary 27, 2026
8 hours ago
trump
Politicsdemographics
American births outnumbered deaths in 2025 by 519,000 people as population growth rate keeps shrinking
By Mike Schneider and The Associated PressJanuary 27, 2026
8 hours ago