Biden says he'll 'stand down' from 2024 election
President Joe Biden has announced he is stepping down from the 2024 presidential race.
Biden made the announcement on Sunday, saying in a statement, "It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term."
The president said he will address the nation later this week with more details about his decision.