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Most populous city in the United States
New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural harbors. The city comprises five boroughs—Manhattan, Brooklyn, Queens, the Bronx, and Staten Island—each being coextensive with its respective county. It is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area.
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Partnership for the City of New York CEO Steve Fulop joins Stuart Varney to discuss a judge ordering New York City to scrap its second-home wealth tax rollout. Fulop also reacts to reports of a smear campaign targeting city CEOs.
A Staten Island court voids the notices sent to thousands of property owners and forces the city to start over. City Hall appealed within hours.
The New York City tax on second homes became effective on July 1 as part of the city’s fiscal year 2027 budget. The measure was expected to generate about $500 million for the city each year.