Six months ago, Kamala Harris took a break from packing up the vice president’s residence to attend a quiet meeting on Capitol Hill with a group of Black congresswomen. She had advice for them on how to steel themselves for a second Trump administration.

The odds-on Kamala Harris becoming the next president have improved sharply from 50/1 (2 percent) to 25/1 (3.8 percent) among one bookmaker after the former vice president announced on Wednesday that she won't be running to be the next governor of California in 2026.