‘Pass the torch’: Biden explains why he stepped down

US President Joe Biden addressed the country for the first time since withdrawing from the presidential race.

Transcript

00:00You know, in recent weeks, it's become clear to me that I need to unite my party in this

00:06critical endeavor.

00:07I believe my record as president, my leadership in the world, my vision for America's future

00:16all merit a second term, but nothing, nothing can come in the way of saving our democracy.

00:24That includes personal ambition.

00:27So I've decided the best way forward is to pass the torch to a new generation.

00:33That's the best way to unite our nation.

00:37You know, there is a time and a place for long years of experience in public life.

00:42There's also a time and a place for new voices, fresh voices, yes, younger voices.

00:48And that time and place is now.