Biden drops out of 2024 presidential race

President Joe Biden on Sunday announced he is standing down and will no longer seek reelection in 2024.

Biden, 81, made the extraordinary decision following weeks of speculation over concerns about his age and capacity to do the job following his disastrous debate performance in late June.

“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,” Biden said in a statement.

“I will speak to the nation later this week in more detail about my decision,” Biden added.

Shortly after he announced that he was quitting the race, Biden endorsed Vice President Kamala Harris.

“My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,” Biden said.

The president’s decision to step back reflects deep divisions among Democrats and came after a number of Democratic lawmakers urged Biden to drop out, both publicly and privately. Despite being heavily critical of Biden on issues such as the war in Gaza, progressives like Rep. Alexandria Ocasio-Cortez stood by him as centrist Democrats like Rep. Nancy Pelosi pushed Biden to quit the race.

It’s unclear precisely who the Democratic presidential nominee will be now, though Biden's endorsement of Harris makes her the frontrunner.

By dropping out, Biden opened the door for the Democratic Party to gather behind another candidate and for the delegates pledged to him to vote as they want. But if Democrats do not coalesce behind a particular candidate before the convention in August, it could pave the way for an open convention in which prospective nominees would vie for support from delegates. This would be messy and hasn’t happened since 1968.

A lot is now up in the air, and this is a risky gamble for the Democratic Party as it fights to prevent former President Donald Trump from winning a second term – particularly as he seems to be gaining momentum following the assassination attempt a little over a week ago.