In a video statement, Castro acknowledged that he was unable to muster the level of support needed to propel his effort forward.
“With only a month before the Iowa caucuses, and given the circumstances of this campaign season, I have determined that it simply isn’t our time,” Castro said. “So today it is with a heavy heart and profound gratitude that I will suspend my campaign for president.”
Castro served as mayor of San Antonio for five years before being tapped by President Barack Obama to become HUD Secretary in 2014. In 2016, he was touted as a potential running mate for Hillary Clinton, but was passed over in favor of Sen. Tim Kaine (D-VA). Castro was the sole Hispanic candidate in the Democratic field, but had problems with fundraising amid a crowded field of candidates.
Castro concluded his announcement with the Spanish-language phrase “ganaremos un día”–we will win one day.