Treasury Secretary Reveals Who He Sees As The Leader Of The Democrat Party

- June 4, 2026
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Treasury Secretary Scott Bessent said Tuesday that New York City Mayor-elect Zohran Mamdani is the de facto leader of the Democrat Party during an interview on Tuesday.

Speaking to CNBC host Andrew Ross Sorkin, Bessent said, “I was in the room, and I think that you’ve got to have some admiration for a candidate who ran a campaign the way he did. It was a great, great campaign.”

“He is clearly the leader of the Democratic Party now. And I think it speaks to how open-minded the president is, that he invited him into the Oval,” Bessent said.

The treasury secretary pointed th the telling fact that Senate Minority Leader Chuck Schumer (D-N.Y.) did not endorse Mamdani in the mayoral race. Meanwhile, other key New York Democrats, including House Minority Leader Hakeem Jeffries and Gov. Kathy Hochul, did endorse the mayor-elect.

“President Trump wants the best for New Yorkers,” Bessent added. “I can tell you, my impression of the mayor-elect is he’s a young man with a lot of old ideas that have never worked. Point to one example where policies like his have led to anything other than a decline.”

He also said it was easy to run a campaign, but actually governing — “keeping people safe, picking up the trash, making the subways run on time” — was a whole other challenge.

Sorkin also asked Democrat strategist James Carville about who he saw as the leader of the party, noting Bessent’s argument that it was Mamdani.

“No one represents the party. The only person that can represent the party is a presidential nominee, who will be chosen by the party members who vote in the primaries,” Carville argued.

Trump said Mamdani was a “rational person” during a press conference after last Friday’s meeting, noting that the two shared “one thing in common.”

“We have one thing in common,” Trump said: “We want this city of ours that we love to do very well. And I wanted to congratulate the mayor. He really ran an incredible race against, you know, a lot of smart people, starting with the early primaries against some very tough people, very smart people. And he beat them, and he beat them easily. And I congratulated him, and we talked about some things in very strong common, like housing and getting housing built and food and prices.”

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Nancy Butler

Nancy grew up in the South where her passion for politics first began. After getting her BA in journalism from Ole Miss she became an arts and culture writer for Athens Magazine where she enjoyed reporting on the eclectic music and art scene in Athens, GA.

However, her desire to report on issues and policies impacting everyday Americans won out and she packed her bags for Washington, DC. Now, she splits her time between the Nation’s Capital and Philadelphia where she covers the fast-paced environment of politics, business, and news.
In her off time, you can find Nancy exploring museums or enjoying brunch with friends.

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