Source: International Business Times
New York City Mayor Zohran Mamdani, the city's first Muslim and Asian American mayor, took office in January 2026 on a platform promising rent freezes, fare-free buses, and higher taxes on the wealthy — policies that have drawn fierce scrutiny from the business community and credit rating agencies alike. NEW YORK — On January 1, 2026, Zohran Kwame Mamdani was sworn in as New York City's 112th mayor in the abandoned City Hall subway station, taking the oath on the Quran, with Bernie Sanders officiating the public inauguration. At 34, the democratic socialist and former state assemblyman became the city's first Muslim and first Asian American mayor — and immediately set about trying to transform the economic foundations of the most powerful urban economy on earth.
