New York asylum crisis: CEOs call on Biden admin to address problem

CEOs, including JPMorgan Chase's Jamie Dimon (JPM) and Goldman Sachs' (GS) David Solomon, are joining the chorus of state and local officials calling on Congress and the Biden administration to address New York City's ongoing migrant crisis. Yahoo Finance Senior Columnist Rick Newmans explains the chaotic nature of the situation, stating "everybody is blaming everybody else", alluding to a verbal tug-of-war between New York City Mayor Eric Adams and Governor Kathy Hochul over how to handle the crisis.