New York City is severing its multimillion-dollar contracts with the Trump Organization after President Donald Trump's involvement in last week's rioting on Capitol Hill, Mayor Bill de Blasio announced Wednesday on MSNBC.

“The contracts make very clear that if the company and the leadership of that company is engaged in illegal activity, we have a right to sever the contract,” de Blasio said. “Inciting an insurrection against the United States government clearly constitutes criminal activity.”