President Joe Biden has made the stunning declaration that he will not seek reelection in 2024. This move comes after Democrats expressed concerns about his age and capacity to serve a second term following a difficult debate performance. Biden stated in a statement issued on Sunday that he will “stand down” and focus on his obligations as President for the balance of his term.

Biden’s decision has harmed what was expected to be a fierce rematch between him and former President Donald Trump. Despite both candidates receiving their party’s nominations, Biden’s poor debate performance against Trump raised questions among Democrats about his capacity to overcome Trump.

Recognizing the public’s concerns about his age, Biden, now 81, reminded them of his qualifications and willingness to remain in the race. However, post-debate polling showed Trump building a modest lead over Biden, reflecting the debate’s detrimental impact on his candidacy.

In a subsequent statement, Biden endorsed Vice President Kamala Harris as the Democratic nominee, emphasizing the importance of party unity in defeating Trump. With Biden’s withdrawal from the contest, the attention is now on Harris as a possible replacement.

While the Democratic Party faces internal issues and clamor for a new candidate, the Republican Party has presented a united front at its National Convention in Milwaukee, Wisconsin. During his speech, Trump underlined his commitment to representing all Americans and unifying the country.

This is a developing story, and additional updates will be posted.