• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

2

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

3

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

1

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

2

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

3

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
PoliticsU.S. Politics

‘It Simply Isn’t Our Time.’ Democrat Julián Castro Drops Out of 2020 Presidential Race

By
Paul J. Weber
Paul J. Weber
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Paul J. Weber
Paul J. Weber
and
Bloomberg
Bloomberg
Down Arrow Button Icon
January 2, 2020, 9:51 AM ET

Former Obama housing secretary Julián Castro on Thursday ended his run for president that pushed the 2020 field on immigration and swung hard at rivals on the debate stage but never found a foothold to climb from the back of the pack.

“I’m so proud of the campaign we’ve run together. We’ve shaped the conversation on so many important issues in this race, stood up for the most vulnerable people, and given a voice to those who are often forgotten,” Castro said in an online video. “But with only a month until the Iowa caucuses, and given the circumstances of this campaign season, I have determined that it simply isn’t our time.”

The video continues, “So today it’s with a heavy heart and with profound gratitude, that I will suspend my campaign for president. To all who have been inspired by our campaign, especially our young people, keep reaching for your dreams — and keep fighting for what you believe in.” It concludes, “¡Ganaremos un día!” — which translates to “We will win one day!”

Castro, who launched his campaign in January, dropped out after failing to garner enough support in the polls or donations to make recent Democratic debates. A former San Antonio mayor who was the only Latino in the race, Castro had stalled for most of his campaign around 1% in polls and entered October low on money.

Castro, 45, was among the youngest in the running at a moment when the party’s ascendant left wing is demanding generational change. And as the grandson of a Mexican immigrant, Castro said he recognized the meaning of his candidacy in the face of President Donald Trump’s inflammatory anti-immigrant rhetoric and hardline policies on the U.S.-Mexico border.

But he labored not to be pigeonholed as a single-issue candidate. Castro made the attention-getting choice of Puerto Rico as his first campaign stop, recited the names of black victims killed in high-profile police shootings and was the first in the field to call for Trump’s impeachment.

But his sagging poll numbers never budged. He was often eclipsed by another Texan in the race who dropped out this fall, former Rep. Beto O’Rourke, and another young former mayor, Pete Buttigieg of South Bend. His campaign and supporters, meanwhile, grumbled that Castro didn’t get due credit for taking out-front positions.

Trying to show he could go to-to-toe with Trump, Castro swung for big moments on debate stages, and flirted with a much-needed breakout in June after confronting O’Rourke over not supporting decriminalization of illegal border crossings.

But turning his sights on Biden on a later stage brought swift backlash. During the September debate in Houston, Castro appeared to touch on concerns about the age of the then-76-year-old former vice president and added a parting shot at him.

“I’m fulfilling the legacy of Barack Obama, and you’re not,” Castro said.

Castro — who was Obama’s housing secretary in his second term — denied taking a personal dig at Biden as others in the field condemned the exchange. Three days later, Castro lost one of his three backers in Congress, Rep. Vicente González of Texas, who switched his endorsement to Biden.

Castro had warned supporters in a fundraising appeal that failing to make the November debate stage would spell the end of his campaign. He needed to hit at least 3 percent polling in four early state or national polls but didn’t get even one.

What is next for Castro is unclear. Back home in Texas, Democrats had long viewed Castro as their biggest star in waiting and some have urged him to run for governor as the state trends more diverse and liberal.

Castro was pegged as a rising Democratic star after being elected as mayor of the nation’s seventh-largest city at age 34, and he was on the short list for Hillary Clinton’s running mate in 2016.

More must-read stories from Fortune:

—How the UN’s climate efforts could change the business world
—Why thousands of foreign nationals receive military training on U.S. bases each year
—What is election hacking—and can it change who wins?
—Remember Hawaii’s false missile alert? This bill aims to prevent it from happening again
—2020 Crystal Ball: Predictions for the economy, politics, technology, and more
Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

About the Authors
By Paul J. Weber
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Brian Schimpf gestures with both hands as he speaks on stage.
Startups & VentureBrainstorm Tech
Anduril CEO Brian Schimpf says economic warfare is the ‘new normal’ for military conflicts—and the U.S. needs to get serious
By Lily Mae LazarusJune 8, 2026
3 hours ago
As America nears its 250th, roughly half thinks the American Dream isn’t true anymore
North Americademocracy
As America nears its 250th, roughly half thinks the American Dream isn’t true anymore
By The Associated Press, Gary Fields, Linley Sanders and Nicholas RiccardiJune 8, 2026
6 hours ago
Donald Trump shakes the hand of a farmer wearing a red shirt
EnvironmentTariffs
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
7 hours ago
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
PoliticsPope
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
By The Associated Press, Suman Naishadham and Nicole WinfieldJune 8, 2026
12 hours ago
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
EconomyMarkets
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
18 hours ago
Trump calls Iran war a ‘military exercise’ even as Hormuz fighting heats up and denies promising no new wars — despite repeated pledges
PoliticsIran
Trump calls Iran war a ‘military exercise’ even as Hormuz fighting heats up and denies promising no new wars — despite repeated pledges
By Jason MaJune 7, 2026
1 day ago

Most Popular

Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
2 days ago
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
18 hours ago
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
By Nick LichtenbergJune 7, 2026
2 days ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
14 hours ago
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
Big Tech
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
By Eva RoytburgJune 7, 2026
1 day ago
SpaceX's IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
Investing
SpaceX's IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
By Jason MaJune 7, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.