May 28, 2025 - 06:20

NEW YORK — Mayor Eric Adams has initiated a lawsuit against the city's Campaign Finance Board (CFB) following its ongoing refusal to provide matching funds for his reelection campaign. The legal action, which was first disclosed on Tuesday, demands the release of $3.4 million that the mayor claims he is entitled to.
The CFB's denial of these funds has been attributed to Adams' recent five-count federal indictment, which has raised questions about the implications of legal challenges on his campaign financing. In response to the board's decision, Adams has stated, “An indictment is not a conviction; a politically-driven indictment should not impede the democratic process.”
This lawsuit marks a significant development in the mayor's campaign strategy as he seeks to secure the financial resources necessary for his reelection efforts. The outcome of this legal battle could have substantial implications not only for Adams but also for the integrity of the city’s campaign finance system.
June 10, 2026 - 20:52
Even Japan's Big Banks are building a digital dollarA shift is happening in the world of digital currency, and it involves some of the largest financial institutions in Japan. Scott Melker recently highlighted that major Japanese banks are planning...
June 10, 2026 - 01:23
Behrend student offers peer coaching in personal financeAbhirath Baiju, a Penn State Behrend student serving as a financial literacy ambassador for the Sokolov-Miller Family Financial and Life Skills Center, is now offering peer coaching on personal...
June 9, 2026 - 04:21
Bidding War Heats Up for the World's Oldest BankMonte dei Paschi di Siena, the Italian lender that traces its roots back to 1472, has become an unexpected prize in European banking. After years of struggling under bad loans and state bailouts,...
June 8, 2026 - 10:29
Revolving Credit Growth Hits 10.4%: What It Reveals About Consumer Spending PowerCall it the trillion-dollar question, focused on the U.S. consumer: How much longer can spending keep outpacing the economic headlines? The latest Federal Reserve data offers a fresh clue....