Andrew Yang announces candidacy for NYC mayor

Yang built an ardent grassroots following in attempt to become the Democratic Party's nominee for the presidency last year with a pledge to create a universal basic income that would pay every American $1,000 a month.

He stressed the need for a basic income program and an accessible healthcare system, and said he would implement the largest cash relief program in the history of the United States to help New York City emerge from the COVID-19 pandemic.

"I am running for mayor for a very simple reason," he said, "I see a crisis and I believe I can help."