Democratic Mayor-elect Zohran Mamdani, facing a deficit of as much as $10 billion in the next fiscal year, has named Sherif Soliman as New York City’s next budget director. The veteran of three previous mayoral administrations will oversee the Big Apple's $120 billion budget.
The move comes less than a month after the Mamdani transition team announced that it would be bringing Kathy Wylde, the outgoing President and CEO of the Partnership for New York City, into the fold. Wylde discusses her role within the new administration, and its relationship with the local business community. Kathy speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Producer Myles Miller on Bloomberg Businessweek Daily.