July 22, 2024
New Delhi, India
Joe Biden Withdraws from Re-election Bid
In a significant and unexpected development, President Joe Biden announced his withdrawal from the 2024 presidential election, endorsing Vice President Kamala Harris as the Democratic Party’s nominee. This decision marks a historic moment, as Harris becomes the first Black woman to top a major party ticket in the United States.
Biden’s Announcement: On Sunday, President Biden, 81, cited the “best interest of my party and the country” as his reason for stepping down. This move follows weeks of speculation and pressure after a challenging June debate against Donald Trump, raising concerns about Biden’s age and mental fitness.
Biden’s statement, released while he was recovering from Covid at his Delaware beach house, expressed his honor in serving as President and his commitment to continue fulfilling his duties until the end of his term in January 2025. “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 focus solely on fulfilling my duties as President for the remainder of my term,” he wrote.
Kamala Harris’s Historic Candidacy: Vice President Kamala Harris quickly confirmed her presidential aspirations, aiming to defeat Donald Trump and become the first woman president of the United States. Following Biden’s endorsement, Harris’s campaign received a surge of support, including endorsements from prominent Democrats and potential rivals like California Governor Gavin Newsom.
The Democratic fundraising platform ActBlue reported that Harris received $27.5 million in small-donor contributions within just five hours of the announcement, reflecting widespread enthusiasm among Democratic supporters.
Impact on the 2024 Election: Biden’s withdrawal has reshaped the 2024 presidential race, turning what was anticipated to be a contentious Trump-Biden rematch into a more dynamic contest. Trump’s campaign, which had been heavily focused on opposing Biden, now faces a younger and potentially more formidable opponent in Harris.
Political Reactions: Trump responded to the news with a series of posts on his Truth Social network, questioning Biden’s fitness to serve as president. However, the shift to a Harris candidacy presents new challenges for the Republican campaign. Biden’s decision to step aside and endorse Harris has injected new energy into the Democratic Party and transformed the 2024 presidential race.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
