Wall Street Democrats Sweat as DNC Chair Navigates Mamdani Surge

The mood was uneasy as Democratic donors gathered at a Midtown steakhouse for lunch. The night before, progressive candidate Zohran Mamdani had all but clinched the party’s nomination for New York mayor — triggering fears by moderates that national Democrats might veer toward socialism.

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Bessent Hints Fed Should Be Open to a Half-Point Rate Cut

Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a …