Biden drops out of 2024 presidential election against Trump

President Joe Biden on Sunday dropped out of the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic Party’s nominee, a stunning decision that came after weeks of pressure for the 81-year-old to quit the contest against former President Donald Trump.

“It has been the greatest honor of my life to serve as your President,” Biden wrote in a post on the social media site X.

“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,” Biden wrote.

“I will speak to the Nation later this week in more detail about my decision.”

Biden’s announcement came as a growing number of his fellow Democrats called on him to step aside to allow the party to select a new nominee next month to run against the Republican Trump, who narrowly survived an assassination attempt July 20 at a campaign rally in Pennsylvania.

Biden’s campaign for weeks had insisted would remain in the race, despite growing concern since his disastrous debate with Trump in late June that he was too old and frail to compete against the former president, and serve a full second term if re-elected.

The president’s decision blows open the presidential race less than four months before Election Day. It also poses extraordinary questions and challenges for the Democratic party, which now must scramble to assemble a new presidential ticket.

The next candidate will need to compete against the Republican ticket of Trump and Sen. JD Vance, win over donors, delegates and other allies who were loyal to the incumbent — all while convincing voters of their own worthiness for the nation’s highest office.

But a growing number of top Democrats have made clear in recent weeks that they prefer that daunting task to keeping Biden as their nominee.

Biden’s campaign did not immediately respond to a request for comment.

CNBC has requested comment from a Trump campaign spokesman.

Biden started to hemorrhage support from his own party and allies after his catastrophic debate performance against Trump in late June.

While he is only three years older than Trump, Biden looked and sounded significantly worse on the debate stage. He displayed a stiff posture and sometimes vacant-looking gaze, and he frequently gave answers that were raspy, unclear and ineffective..

In both substance and appearance, Biden contrasted sharply with Trump, who looked and sounded the same as he has in recent years.

The debate instantly set off a crisis among Democrats. Even before it ended, party operatives were raising doubts about whether Biden could effectively campaign against Trump.

High-profile Democratic donors and backers openly urged Biden to drop out, with some vowing to withhold campaign…