Biden Withdraws from 2024 Presidential Race After Weeks of Pressure from Democratic Leaders, Endorses VP Kamala Harris

President Joe Biden announced that he will not seek re-election in 2024, ending his campaign less than 4 months before the election.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:03President Joe Biden announced that he will not seek re-election in 2024, ending his campaign

00:07less than four months before the election.

00:10He cited that it was in the best interest of his party and country.

00:14Biden endorsed Vice President Kamala Harris to replace him as the Democratic presidential

00:17nominee.

00:18Biden faced increasing pressure from within his own party over concerns about his age

00:22and electability against Donald Trump in the general election.

00:26Biden's decision is unprecedented for a sitting president to drop out of the race so close

00:30to the election date in November.

00:32For all things money, visit Benzinga.com.