California's Proposition 50 could reshape congressional districts while New York City voters will decide on election timing and affordable housing measures.

Democrats saw major wins in Tuesday’s elections, from California’s redistricting ballot measure to gubernatorial races in Virginia and New Jersey and the mayoral race in New York City. We discuss what the results say about the future of the Democratic Party and to what extent the wins reflect a referendum on President Trump.

Wall Street braced for change with the election of Democratic Socialist Zohran Mamdani as New York City mayor on Tuesday, a win set to reverberate through the heart of global capitalism, with financiers worrying the city's competitiveness and business appeal could suffer.

NBC News' Gary Grumbach reports on the key election results to watch for, from the race for New York city mayor to the vote on California's congressional redistricting plans. He also spoke exclusively to DNC Chair Ken Martin about the upcoming elections and his party's plans to gain control back of Congress in 2026.

Los Angeles, New York City and San Francisco build housing at some of the slowest rates of major cities in the country. Over the past decade, New York City added just 30.6 housing units per 1,000 residents — far fewer than Atlanta or Miami’s roughly 140 housing units — according to NYU’s Furman Center data.

The aggressive gerrymander could help Democrats flip as many as five House seats next year. While that could neutralize new maps in Texas, Republicans are redrawing more district lines elsewhere.

California has the highest state income tax rate in the nation for the wealthy – 13.3% for incomes of $1 million and above. But the state also has very progressive tax brackets, and studies have found that people with lower and middle class incomes tend to pay at rates competitive with many other states.

Gavin Newsom accuses Trump of ‘rigging mid-terms’ as California approves redistricting measures to help win back the House

Republicans asked a federal court to block newly approved maps in California that were designed to flip as many as five House seats for Democrats.