Ian Bremmer's Quick Take: Hi, everybody. Ian Bremmer here and a Quick Take on the back of a staggering announcement that President Biden is no longer standing for reelection. No one thought that President Biden should have stood for reelection after he won the first time. Certainly, nobody believed that he was going to be able to serve a full four years of a second term.

That was becoming increasingly obvious to Biden himself, because he saw what rank and file members of the Democratic Party were saying, how they were pulling. The internal polls that the White House has been getting over the last 48 hours were devastating for Biden, not just a loss, but a landslide that would have led to the Democrats getting wiped out in the House and Senate as well, would probably lead to the Republicans ending the filibuster. Biden ultimately a lot later than a lot of people wanted, but nonetheless ultimately standing down, standing aside, strongly endorsing Kamala Harris, his vice president, for the presidential nomination, and to defeat Trump come November. It is certainly a very long way to go. People were saying it's late. We have 107 days to go left in this election.