Treasury Secretary Scott Bessent said New York City mayor-elect Zohran Mamdani, a self-proclaimed Democratic socialist, is the clear head of the Democratic Party.
“You’ve got to have admiration for a candidate who ran a campaign the way he did, it was a great, great campaign,” Mr. Bessent said Tuesday on CNBC’s SquawkBox. “He is clearly the leader of the Democratic Party now.”
But he expressed skepticism that the 34-year-old Mr. Mamdani will be able to carry out his agenda of expanding free city services at taxpayer expense…