Biden Exits Race, Endorses Harris After Weeks of Pressure

(Bloomberg) — U.S. President Joe Biden abandoned his reelection bid, bowing to relentless pressure from Democrats to drop out over fears he was too feeble to beat Donald Trump and injecting fresh chaos into the 2024 election.

Biden, 81, said he would serve out his term but endorsed Vice President Kamala Harris, 59, to take his place as the Democratic nominee, praising her as an “extraordinary partner.” Harris accepted the president’s backing, saying in a statement Sunday afternoon, “my intention is to earn and win this nomination.”