Head of bank bailout runs for California governor
SACRAMENTO, Calif.- Neel Kashkari, a former U.S. Treasury official and architect of the nation's bank bailout, says he is running for governor of California.
He entered the race Tuesday as a Republican newcomer who faces long odds against incumbent Gov. Jerry Brown, a Democrat.
Kashkari made the announcement in a speech at California State University, Sacramento. He cited California's public schools and economy as his motivation for running, declaring the status quo is unacceptable.
The 40-year-old Ohio native and son of Indian immigrants has no political experience and has never before sought public office.
He faces a formidable challenge in trying to unseat Brown, who is widely expected to run for another term and has $17 million in his campaign account.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Financial help coming to families of fallen law enforcement heroes
Metro Council members oppose police residency requirements
Fund for first responders continues to grow
State Attorney General to hold board meeting for support of the families...
JPSO deputy shot and killed a man after pulling a gun on...