Zohran Mamdani: “We took aggressive steps to tackle the deficit and drove it…”

“When we took office, the deficit was vast, more than $12 billion. While you do not choose the deficit you inherit, you do choose how you respond to it. In the month that followed, We took aggressive steps to tackle the deficit and drove it down to $5.4 billion. Today, after three more months of painstaking work, I am proud to announce that we have closed the gap entirely down to zero.” (01:14–01:20)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.