Joe Biden Withdraws from 2025 Presidential Race, Endorses Kamala Harris – Latest Update 2025
In a surprising move, President Joe Biden exits the 2025 presidential election and throws his support behind Vice President Kamala Harris, reshaping the Democratic race and setting the stage for a new political chapter.
Taylor Tompkins brings over a decade of expertise as a journalist specializing in business, finance, and economic analysis. She has spent countless hours interviewing experts, dissecting data, and crafting insightful articles to help audiences grasp complex economic trends. Currently, she serves as the Economics Editor at ZAMONA.
Highlights to Know
- President Joe Biden officially withdrew from the 2024 presidential contest on Sunday, endorsing Vice President Kamala Harris as the Democratic frontrunner.
- Following concerns over Biden's debate performance, influential Democrats and donors advocated for his campaign to conclude.
- U.S. stock futures experienced a modest rise Sunday evening amid the political developments.
On Sunday, President Joe Biden announced his decision to step down from the 2024 presidential race, backing Vice President Kamala Harris to represent the Democratic Party.
“Although my plan was to run for reelection, I believe stepping aside is in the best interest of our party and nation so I can focus fully on my presidential duties through the remainder of my term,” Biden stated, promising a detailed address to the public later this week.
This announcement ends weeks of intense speculation regarding Biden's campaign future, especially after his underwhelming performance in the June presidential debate and subsequent press engagements.
The entry of a fresh candidate like Harris alters the campaign dynamic significantly, especially as economic concerns dominate voter priorities. Meanwhile, former President Donald Trump secured the Republican nomination last week. Following Biden's exit, U.S. stock futures showed slight gains Sunday evening.
While Biden endorses Harris as his successor, she must still secure the Democratic nomination, which will be determined at the upcoming party convention.
“I am deeply honored by President Biden’s endorsement and am committed to winning the nomination,” Harris declared on social media platform X.
Since Biden withdrew prior to the official Democratic Party nomination, delegates will vote during the late August convention. Should no candidate secure a majority, superdelegates will participate until a nominee emerges.
“I wholeheartedly support Kamala Harris as our party’s nominee this year. Democrats, it’s time to unite and defeat Trump — let’s get it done,” Biden posted on X.
Below is Biden’s official statement announcing his withdrawal from the presidential race:
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