From the New York Times, I'm Michael Barbero.

This is the Daily.

Today we are announcing campaign finance, bribery, and conspiracy charges against Eric Adams, the mayor of New York City.

For the first time in New York history, federal prosecutors have indicted the city's sitting mayor.

The conduct alleged in the indictment is a grave breach of the public's trust.

Public office is a privilege. We allege that Mayor Adams abused that privilege

and broke the law. Laying out what they described as a wide-ranging corruption scheme in which the mayor accepted illegal campaign

donations and luxury gifts in return for political favors.

These are bright red lines and we allege that the mayor crossed them again and again for years.

Today, my colleague City Hall Bureau Chief Emma Fitzsimmons on the rise and fall of Mayor Eric Adams. It's Friday, September 27th.

Well, Ma, thank you for coming in here. I can see that we have both brought our copies of the indictment,

this thick 50-something page document that is very much going to define our conversation here.

Yeah, it's a complicated story, so I want to have all the details highlighted by my side.

It's a good thing to have it in here, and we're going to get to that.

But I think we should start this conversation

just by observing how extraordinary this situation is. Our mayor, Eric Adams, has just been charged with a pretty sweeping set of federal crimes.

His future as our mayor is not very much in doubt.

And I think it's worth saying that he leads a city of 8 million people. This is a city

whose economy is bigger than the economy of many small countries. And on our best day

as a city, we were very hard to manage and now our manager has just

been indicted.

And that's genuinely shocking.

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