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New York, the City That Made Trump Rich, Finds Itself at His Mercy

  • Mayor says the city’s public hospitals could fail under Trump
  • Trump backers say de Blasio’s fears are politically motivated
David Schleicher (right) holds up a sign during a protest against Donald Trump outside of Trump Tower on Oct. 26, 2016, in New York City.

David Schleicher (right) holds up a sign during a protest against Donald Trump outside of Trump Tower on Oct. 26, 2016, in New York City.

The city that made Donald Trump a billionaire -- and laughed at him through decades as a boastful businessman whose marriages and divorces were tabloid fodder -- finds itself at his mercy.

More than four of five New Yorkers voted against the brash Queens-born Republican. If he chooses to punish the most populous U.S. city, it wouldn’t be difficult. More than 10 percent of its $80 billion yearly budget comes from the federal government. Trump’s plan to dismantle the Affordable Care Act could cost the city billions of dollars in Medicaid reimbursement that would destroy its public hospitals, Mayor Bill de Blasio says.