Lt. Gov. Eleni Kounalakis Friday announced she was ending her campaign for governor in the 2026 election and will run for treasurer instead.

“After careful consideration and reflection, I have made the decision to end my campaign for governor and to run instead for state treasurer in 2026,” Kounalakis said in a statement.

“This decision was not made lightly. Over the course of my campaign for governor, I have had the opportunity to engage with Californians across the state — listening to their concerns, hopes and ideas for a stronger, more equitable future.

“At this moment, I believe I can make the greatest impact by focusing on California’s financial future. As state treasurer, I will bring a deep commitment to fiscal responsibility, economic opportunity and strategic investment in our

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