Julián Castro drops out of the 2020 race

Former Secretary of Housing and Urban Development Julián Castro is out of the 2020 race.

The 2020 Democratic presidential candidate announced Thursday he is suspending his campaign, telling supporters in a video, "I've determined that it simply isn't our time," The New York Times reports.

After struggling to gain traction in the polls, Castro, the only Latino candidate in the Democratic field, failed to qualify for the most recent two presidential debates. The Times notes he said in October he would end his campaign if he could not raise $800,000 by the end of the month, and though he was able to do so, he did not receive a bump in the polls.

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"It's with a heavy heart, and with profound gratitude, that I will suspend my campaign for president," Castro said Thursday, going on to say he's "not done fighting" and telling supporters, "keep reaching for your dreams, and keep fighting for what you believe in." Brendan Morrow