The Brief

LOS ANGELES - California's Lieutenant Governor Eleni Kounalakis has announced she is ending her campaign for governor in the 2026 election and will instead seek the position of state treasurer.

What we know:

On Friday, Kounalakis announced that she is withdrawing from the 2026 gubernatorial race to run for state treasurer.

Kounalakis, a Democrat who in 2018 became the first woman elected as California's lieutenant governor, is barred from seeking a third term in her current post.

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The current state treasurer, Fiona Ma, is also term-limited and is running for lieutenant governor.

The field for treasurer also includes former Oakland Mayor Libby Schaaf, California State Board of Equalization member Tony Vazque

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