Part 11/12:
Both leaders concur that the cost of living is a critical issue for New Yorkers. The mayor-elect attributes much of the city’s economic struggles to past political missteps and calls for a focus on affordability and rebuilding trust in government. The President agrees that inflation has been a major challenge, referencing the high inflation during the previous four years under the Biden administration and asserting that recent efforts have begun to bring prices down.
They discuss steps to reduce energy costs, including urging energy providers like Con Edison to lower rates now that fuel prices have declined. Both emphasize the need for pragmatic, action-oriented approaches to tackling economic hardship, especially amid concerns over rising rents and prices.