The New York City comptroller, Democrat Mark Levine, says the city will not be investing its pension funds in Israeli bonds, since the quality of the bonds have deteriorated amid the wars in Gaza and Iran. New York City Mayor Zohran Mamdani welcomed the decision.

Mayor Zohran Mamdani: “I welcome the comptroller’s decision. It is something that I’ve said in the past, that I don’t believe that our city should purchase Israel bonds. We don’t purchase the bonds of any other sovereign nation. I don’t think that we should make an exception when it comes to Israel.”