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Julián Castro. Photo: Justin Sullivan/Getty Images

Former Housing Secretary Julián Castro announced his bid for the presidency on Saturday, the New York Times reports.

"When my grandmother got here almost a hundred years ago, I’m sure she never could have imagined that just two generations later, one of her grandsons would be serving as a member of the United States Congress and the other would be standing with you here today to say these words: I am a candidate for president of the United States of America."

Details: Castro announced an exploratory committee one month ago, and said he'd be making an announcement today. His first campaign stop will be Puerto Rico, meeting with those recovering from Hurricane Maria.

  • Castro is the former mayor of San Antonio, Texas. If elected in 2020, he'd be the third-youngest president ever elected, the Times reports.
  • He previously told the Times that it doesn't bother him to not be considered a front-runner: "In my whole life, I don’t think I’ve ever started out as the front-runner. ... So I’m not going to concern myself with who people think of as the front-runner and who they don’t."

Go deeper: Our 2020 candidate tracker.

Go deeper

Updated 13 mins ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

29 mins ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.