As New York City’s migrant crisis escalates with over 100,000 arrivals from the southern US border straining shelters, some of the city’s top bosses has intervened in a fight over who is responsible.
Around 120 top business leaders, which includes Jamie Dimon of JP Morgan Chase, Larry Fink of BlackRock, and Jane Fraser of Citigroup, sent a letter to President Biden and congressional leaders to fulfill the demands of the state for federal assistance. However, recent communication with Biden administration stated that such calls will not be heeded.
The letter, which talks about the increasing urgency of the immigrants, has pitted Mayor Eric Adams against Governor Kathy Hocul – and both Democrats against Biden. Adams has stated that the crisis could cost the city $1.5 billion and has already deployed 2,000 National Guards so far.