The New York Times reports that President Biden has withdrawn from the 2024 election:
After three weeks of often angry refusals to step aside, Mr. Biden finally yielded to a torrent of devastating polls, urgent pleas from Democratic lawmakers and clear signs that donors were no longer willing to pay for him to continue.
Mr. Biden said he will not resign the presidency, and intends to finish out his term even as he leaves it to others to try and defeat Mr. Trump. Over the next several months, the president faces the ongoing war in Ukraine and the increasingly desperate efforts to reach a negotiated deal to end the fighting between Israel and Hamas in Gaza.
No sitting American president has dropped out of a race so late in the election cycle. The Democratic National Convention, where Mr. Biden was to have been formally nominated by 3,939 delegates, is scheduled to begin Aug. 19 in Chicago. That leaves less than a month for Democrats to decide who should replace Mr. Biden on the ticket and just under four months for that person to mount a campaign against Mr. Trump.
And now the race is between a demented 78-year-old who has a proven track record of chaos and corruption against a brilliant 59-year-old who has a proven track record of accomplishment and fighting for our rights.
The XPOTUS's campaign must be shitting bricks right now.
Here's the President's statement: