US President, Joe Biden has announced his withdrawal from the 2024 presidential race in the country.
Biden made the announcement from his home in Rehoboth Beach, Del., where he’s self-isolated since testing positive for COVID-19 Thursday night.
He said; “Over the past three and a half years, we have made great progress as a Nation.
“Today, America has the strongest economy in the world. We’ve made historic investments in rebuilding our Nation, in lowering prescription drug costs for seniors, and in expanding affordable health care to a record number of Americans. We’ve provided critically needed care to a million veterans exposed to toxic substances. Passed the first gun safety law in 30 years. Appointed the first African American woman to the Supreme Court. And passed the most significant climate legislation in the history of the world. America has never been better positioned to lead than we are today.
“I know none of this could have been done without you, the American people. Together, we overcame a once in a century pandemic and the worst economic crisis since the Great Depression. We’ve protected and preserved our Democracy. And we’ve revitalized and strengthened our alliances around the world.
“It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.
“I will speak to the Nation later this week in more detail about my decision.
“For now, let me express my deepest gratitude to all those who have worked so hard to see me reelected. I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work. And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me.
“I believe today what I always have: that there is nothing America can’t do when we do it together. We just have to remember we are the United States of America.”
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Biden’s exit came after he received bleak warnings from Senate Majority Leader Chuck Schumer and Democratic House Leader Hakeem Jeffries that his candidacy could lead to massive losses for Democrats in the Senate and House.
More than 30 congressional Democrats called for Biden to bow out, and former President Barack Obama reportedly relayed similar fears to Democratic allies about Biden’s prospects of beating Trump. Democratic donors from Hollywood to Wall Street also came out against Biden continuing his reelection bid.
The decision upends the 2024 election less than 110 days before Election Day, with Democratic National Committee members now tasked with choosing an alternative nominee to take on Trump, whose polling lead has swelled while Democrats have fought internally.
Vice President Harris is now the frontrunner to replace Biden as the Democratic nominee, but the party’s bench of Democratic governors could also be in the mix including Gretchen Whitmer of Michigan, Josh Shapiro of Pennsylvania and Gavin Newsom of California.
Biden becomes the first incumbent president not to seek reelection since Lyndon B. Johnson who, in 1968 amid national unrest and turmoil within the Democratic Party over the Vietnam War, stunned the nation with his decision not to seek a second full term.
