Live Markets, Charts & Financial News

Joe Biden drops out of re-election race, backs Harris to replace him on ticket

0 3

President Biden said Sunday he will withdraw from his position as the presumptive Democratic nominee after weeks of criticism following a poor debate performance and a rebellion by prominent Democratic donors.

in Message posted On his X account, Biden reviewed his accomplishments while in office, and said he would address the nation “later this week.”

“It has been the greatest honor of my life to serve as your president,” he wrote in his letter. “Although I intend to run for re-election, I believe it is in the best interest of my party and my country that I step aside and focus solely on fulfilling my duties as president for the remainder of my term.”

in Next PostEarlier this month, Biden endorsed Vice President Kamala Harris, as the Democratic National Convention neared. Harris has become an attractive option for donors and lawmakers, and the Biden campaign has also quietly tested whether Harris would be a viable option against presumptive Republican nominee Donald Trump in a poll of voters. The New York Times Reported Last week, citing three people familiar with the efforts.

Since Biden’s uninspiring performance in the first presidential debate, questions have been raised about the president’s mental fitness and ability to defeat Republican nominee Donald Trump in November’s presidential election. A large number of influential supporters, donors and Democratic lawmakers have called on Biden to step down.

Heiress Abigail Disney He said Last week, she and her family announced that they would refrain from donating to Democrats until Biden was replaced. Over the Fourth of July holiday, Biden’s Wall Street backers, including BlackRock CEO Larry Fink, privately debated whether the president should step down. On July 10, actor George Clooney, who last month hosted a massive fundraiser for Biden’s reelection, wrote to Biden: “I hope Biden steps down.” The New York Times Editorial That Biden should withdraw for the good of the party.

“We will not win the election in November with this president,” Clooney wrote.

The eventual Democratic front-runner faces a tough task in winning back disillusioned voters. After Biden’s poor debate performance, which he later blamed on a cold, Trump increased his lead over the president by 1,000 votes. three percentage pointsaccording to The New York Times Siena College Opinion Poll.

Leave A Reply

Your email address will not be published.