Lt. Gov. Eleni Kounalakis (D-CA) announced Friday that she is dropping out of the California governor’s race to run for state treasurer next year.

Kounalakis was considered a top contender in the race, with former House Speaker Nancy Pelosi (D-CA) appearing to endorse her. However, polling showed her behind other candidates. In a statement, Kounalakis argued her skills would be better used as treasurer, managing the state’s investments.

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“This decision was not made lightly. Over the course of my campaign for governor, I have had t

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