Economy and macroUpdated November 8

Hinojosa’s win becomes a proxy fight over Democratic leadership in 2028.

POLITICO says the argument after Gina Hinojosa’s Texas win has become a small-scale preview of Democrats’ 2028 leadership contest. Some Latino operatives say Andy Beshear, who chairs the Democratic Governors Association and is a possible presidential contender, failed Latino voters; they also say the DGA underestimated Hinojosa. Her campaign manager, Amy Friedman, wrote after the election that the DGA had never believed Hinojosa could win. The association says it spent more than $1.4 million in Texas and was her largest contributor. Beshear ally Eric Hyers says Beshear pushed for the DGA’s seven-figure commitment and pressed for more money in the campaign’s closing week. Latino supporter Carlos Eduardo Espina offered a different view: he said he has a great relationship with Beshear, who actively courted Latino support. Other possible 2028 contenders backed Hinojosa in different ways. Ruben Gallego, who signed letters urging more DGA investment, campaigned with her twice. Gavin Newsom and Wes Moore contributed to her campaign or fundraised for it, while JB Pritzker separately pledged $1.2 million in early October. Gallego called the campaign a lesson in considering states once thought unreachable.

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Coverage started November 8