Washington (CNN)Connecticut Gov. Dannel Malloy has decided not seek a third term in 2018, a source familiar with his decision told CNN.
Connecticut Gov. Dannel Malloy won't seek third term in 2018
Malloy, the chairman of the Democratic Governors Association, is set to announce his decision at a Thursday afternoon news conference in Hartford.
The 61-year-old has been a leading national voice for gun control laws following the 2013 shooting at Sandy Hook Elementary School in Newtown.
Now, Malloy is among the leaders of a new Democratic group headed by former Attorney General Eric Holder that's set to focus on redistricting in court battles and state legislative races.
Malloy's name has regularly appeared on lengthy lists of potential Democratic 2020 presidential candidates.
But his in-state approval ratings have been dragged down by a stagnant economy and a state budget pinch, leaving his prospects for winning a third term in doubt.
A long list of Democrats could jockey to replace him. Among them: state Sen. Ted Kennedy Jr., the son of the Massachusetts senator and nephew of John F. Kennedy and Robert Kennedy.