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Republican lawmakers are calling on President Biden to resign from office immediately after he announced he will not seek re-election in November.

Speaker Mike Johnson, R-La., said in a statement, ‘If Joe Biden is not fit to run for President, he is not fit to serve as President. He must resign the office immediately. November 5 cannot arrive soon enough.’

‘If the Democrat party has deemed Joe Biden unfit to run for re-election, he’s certainly unfit to control our nuclear codes,’ House Majority Whip Tom Emmer, R-Minn., said minutes after the bombshell news broke. ‘Biden must step down from office immediately.’

House GOP Conference Chairwoman Elise Stefanik, R-N.Y., similarly said, ‘If Joe Biden can’t run for re-election, he is unable and unfit to serve as President of the United States. He must immediately resign. The Democrat Party is in absolute free fall for their blatantly corrupt and desperate attempt to cover up the fact that Joe Biden is unfit for office.’

‘If Joe Biden is unfit to be the Democrat nominee for president, he’s unfit to be president for the rest of his term. For the good of the country, Joe Biden should resign immediately,’ said Republican Study Committee Chair Kevin Hern, R-Okla.

The 81-year-old president has been under mounting pressure to drop out of the 2024 presidential race in the wake of his disastrous debate performance against former President Trump last month. 

His weak showing spurred concerns over whether he had the mental and physical stability to run a campaign and serve another four-year term. 

Biden finally bowed to that pressure on Sunday, writing in a public letter, ‘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.’

Democratic lawmakers who have called on Biden to drop out have insisted they are confident he can finish the roughly five months left in his term. 

Some of their arguments against his candidacy include that questions about his fitness for office are a distraction from the campaign, while others have said their concerns lie with where he will be four years down the road, rather than the immediate future.

But Republicans who have long claimed Biden is not mentally fit for office have seized on his announcement as vindication of their doubts.

Sen. Steve Daines, R-Mont., chair of the Senate GOP’s campaign arm, said in a statement, ‘If Joe Biden is no longer capable of running for re-election, he is no longer capable of serving as President. Being President is the hardest job in the world, and I no longer have confidence that Joe Biden can effectively execute his duties as Commander-in-Chief. It is out of concern for our country’s national security that I am formally calling on President Biden to resign from office.’

‘If this man CAN’T run for President with an election in just 4 months then who’s running our country?’ Rep. Wesley Hunt, R-Texas, wrote on X.

Rep. Nancy Mace, R-S.C., wrote on the platform, ‘Doesn’t have the mental acuity or cognitive ability to run a political campaign but can serve for 6 more months as president? He should resign.’ 

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Democrat politicians lavished President Biden with praise and predictions of a great legacy following his announcement that he is ending his re-election bid just months before the November election. 

‘President Biden has been an extraordinary, history-making president — a leader who has fought hard for working people and delivered astonishing results for all Americans. He will go down in history as one of the most impactful and selfless presidents. Thank you, @JoeBiden,’ Gov. Gavin Newsom, D-Calif., wrote on X just minutes following the revelation.

Newsom has been speculated as a potential Democratic candidate for president in 2024 for roughly a year, despite his own dismissals of the idea on several occasions. He has been one of Biden’s most high-profile surrogates on the campaign trail, continuing to promote Biden even after his poor debate performance last month. 

Senate Majority Leader Chuck Schumer, D-N.Y., said in a statement, ‘Joe Biden has not only been a great president and a great legislative leader, but he is a truly amazing human being. His decision of course was not easy, but he once again put his country, his party, and our future first.’

 ‘Joe, today shows you are a true patriot and great American,’ he added. 

Schumer had been made aware of the decision of vulnerable Sen. Jon Tester, D-Mont., to call on Biden to drop last week and told him to do what he thought was best, a source with knowledge told Fox News Digital. 

Another Democrat whose name has been the subject of presidential speculation, Gov. Gretchen Whitmer of Michigan, was also among the first to react: ‘President Biden is a great public servant who knows better than anyone what it takes to defeat Donald Trump. His remarkable work to lower prescription drug costs, fix the damn roads, bring supply chains home, address climate change, and ensure America’s global leadership over decades will go down in history,’ she said on X. 

‘My job in this election will remain the same: doing everything I can to elect Democrats and stop Donald Trump, a convicted felon whose agenda of raising families’ costs, banning abortion nationwide, and abusing the power of the White House to settle his own scores is completely wrong for Michigan,’ Whitmer wrote. 

Biden made the announcement of his campaign suspension in a Sunday afternoon letter, which he posted to X. 

‘It has been the greatest honor of my life to serve as your president,’ the president wrote. ‘While it has been my intention to seek reelection, I believe it is in the best interests of my party and the country for me to stand down and focus solely on fulfilling my duties as president for the remainder of my term.’

Senate Majority Whip Dick Durbin, D-Ill., praised him as well, claiming he ‘always put country first.’

‘Now the Democratic Party must unite behind a candidate who can defeat Donald Trump and keep America moving in the right direction. I will do everything in my power to help that effort,’ he said. 

His decision comes just weeks after his debate against former President Trump, during which his performance was widely criticized. In the days following, a total of 37 congressional Democrats and those who caucus with them had pushed Biden to step aside.

Following the announcement, Biden made a second post, endorsing his vice president, Kamala Harris, as the Democratic nominee for president. 

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President Biden endorsed Vice President Kamala Harris after announcing he is dropping out of the 2024 run for re-election. 

‘My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term,’ Biden posted on X Sunday afternoon 

‘My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,’ he continued. 

Biden announced just minutes before he endorsed Harris that he is dropping out of the presidential race. 

‘It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek re-election, 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,’ Biden said in his letter posted to X Sunday afternoon. 

Biden continued that he will address the nation in detail on the decision ‘later this week.’ As of Sunday afternoon, Harris has not tweeted about Biden dropping out. 

He thanked Harris for her work in the administration, but stopped short of offering her his endorsement in his initial letter. Harris has been considered the top choice to replace Biden ahead of the president officially dropping out. 

Democrats’ calls had mounted for weeks that Biden should drop out of the race, following his disastrous debate performance on June 27, which put his mental fitness under further scrutiny as he stumbled over his words and appeared more subdued than in previous years. 

As early as Sunday morning, however, Biden allies and the campaign doubled down that the president would not bow out of the race. 

‘It is false. And I think that it is false to continue to try to gin up this narrative. Joe Biden has said he is in this race,’ deputy campaign manager Quentin Fulks said on MSNBC on Sunday. ‘He is in this race to win it. He is instructing us to continue to carry out a plan to make sure that we are communicating [to as] many voters as possible. Actions speak louder than words, although sometimes, in this case, I wish that our words would speak louder so that people would stop asking this question. But we are doing both. The president has doubled down and said that he is running in this race to win it, and that he is not going anywhere.’

Biden dropping out comes as former President Trump was officially nominated as the Republican Party’s choice for president. Trump joined the Republican National Convention in Milwaukee, Wisconsin, last week, where he announced Ohio Sen. JD Vance as his running mate and accepted the nomination. 

The RNC was held just two days after an assassination attempt nearly ended Trump’s life, leaving him with an injury to his right ear. A shooter opened fire on Trump’s rally in Butler, Pennsylvania, last Saturday, injuring Trump and two others, and killing a 50-year-old married dad who was protecting his wife and family from the gunfire. 

Trump addressed the shooting in his highly-anticipated RNC speech, while noting ‘you’ll never hear it from me a second time, because it’s actually too painful to tell.’ 

‘I’m not supposed to be here tonight,’ he said. ‘I stand before you in this arena only by the grace of almighty God. And watching the reports over the last few days, many people say it was a providential moment. Probably was.’

‘For the rest of my life, I will be grateful for the love shown by that giant audience of patriots that stood bravely on that fateful evening in Pennsylvania,’ he added. 

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Former President Trump said President Biden ‘was not fit to run for president’ and is not — and ‘never was’ fit to serve. 

The Republican presidential nominee was reacting to Biden’s stunning announcement Sunday afternoon that he is suspending his re-election campaign. 

‘He is the worst president in the history of our country,’ Trump told Fox News Digital in a phone interview Sunday afternoon. ‘There has never been a president so bad.’ 

‘He is not fit to serve,’ Trump continued. ‘And I ask — who is going to be running the country for the next five months?’ 

Trump also posted on his Truth Social Sunday afternoon. 

‘Crooked Joe Biden was not fit to run for President, and is certainly not fit to serve — And never was!’ Trump posted to his Truth Social. ‘He only attained the position of President by lies, Fake News, and not leaving his Basement.’ 

Trump said that ‘all those around him, including his Doctor and the Media, knew that he wasn’t capable of being President, and he wasn’t.’ 

‘Now, look what he’s done to our Country, with millions of people coming across our Border, totally unchecked and unvetted, many from prisons, mental institutions, and record numbers of terrorists,’ he wrote. ‘We will suffer greatly because of his presidency, but we will remedy the damage he has done very quickly.’ 

He added: ‘MAKE AMERICA GREAT AGAIN!’ 

Trump’s comments come one week after he survived an assassination attempt and just days after formally becoming the 2024 Republican presidential nominee. 

Biden announced Sunday that he will suspend his 2024 re-election campaign amid mounting pressure from his Democratic colleagues on Capitol Hill, top donors and Hollywood stars after a disastrous debate performance last month.

The unprecedented announcement came as an increasing number of Democrat lawmakers had begun to publicly call for Biden to step aside and the party’s leadership reportedly was engaged in efforts to convince Biden, 81, he could not win in November’s general election against former President Trump, the 2024 GOP nominee who Biden defeated four years ago to win the White House.

‘It has been the greatest honor of my life to serve as your president,’ Biden wrote in a public letter. ‘While it has been my intention to seek reelection, I believe it is in the best interests of my party and the country for me to stand down and focus solely on fulfilling my duties as president for the remainder of my term.’

Biden said he will formally address the nation later this week about his decision. 

‘For now, let me express my deepest gratitude to all those who have worked so hard to see me reelected,’ Biden wrote. ‘I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work. And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me.’ 

Biden added: ‘I believe today what I always have: that there is nothing America can’t do — when we do it together. We just have to remember we are the United States of America.’

Biden was diagnosed with COVID-19 on Wednesday, a revelation that came on the heels of several TV interviews and campaign appearances in which the president insisted he was remaining in the race. But the interviews failed to reassure supporters and provided critics — including those on the left — with further evidence that Biden was no longer up to the job.

Biden delivered a strong welcome address to world leaders at last week’s NATO summit in Washington, D.C. The showcase served as an opportunity to prove he was fit to continue his current term and eager and able to lead the nation for another four years.

For a time, it seemed Biden could survive the surge of calls for him to quit the race after House Minority Leader Hakeem Jeffries and Senate Majority Leader Chuck Schumer announced that they backed Biden’s bid. 

But Biden, who has long been known for a propensity to commit gaffes, continued to stumble. His missteps included a glaring error on the world stage at the NATO summit. While speaking on live television, Biden referred to Ukrainian President Volodymyr Zelenskyy as ‘Putin,’ name-checking Russian President Vladimir Putin, whose invasion of Zelenskyy’s Ukraine has precipitated more than two years of hellish war.

Questions over whether Biden would end his campaign remained the top political story heading into last weekend.

But two blockbuster developments in rapid succession — the attempted assassination of Trump at the former president’s rally in western Pennsylvania on Saturday and Trump’s naming Monday at the Republican National Convention of Sen. JD Vance of Ohio as his running mate — briefly halted the fervor over Biden for a couple of days.

But the call on Wednesday by Rep. Adam Schiff, the Democratic Senate nominee in California, for Biden to end his campaign, as well as reporting that top Democrats such as Schumer, Jeffries, and former House Speaker Nancy Pelosi had frank conversations with Biden, quickly reignited the political crisis for the president.

Biden’s stunning announcement occurred during the roughest stretch of what was a more than year-long campaign for a second term. Doubts about his viability at the top of the Democratic Party’s 2024 ticket began seeping out into the mainstream after his halting delivery and awkward answers were placed on full display for a national audience during June’s presidential debate with Trump in Atlanta. 

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With President Joe Biden stepping aside in the 2024 White House race, the question becomes who has control over, and what could be done under applicable federal campaign finance laws and regulations with, the campaign funds that have been raised by the official ‘Biden for President’ campaign committee? 

As of June 20, when Biden for President filed its latest campaign report summarizing its finances through the end of May with the Federal Election Commission (‘FEC’), where I once served as a commissioner, Biden’s campaign committee had ‘cash on hand’ of $91.5 million. Here are a series of questions and answers on what can – and can’t – be done with this money. 

Can his donors get their contributions back?  

There is no requirement in federal law for campaign committees to provide refunds to donors who want to get their contributions returned. It would be entirely up to the Biden for President committee to decide whether it wants to provide refunds if donors request them. 

If Kamala Harris becomes the Democrat Party presidential nominee, does she get access to the campaign cash?  

Yes, because when the Biden for President committee filed its registration statement with the FEC, it registered itself as the ‘principal campaign committee’ for both Joe Biden and Kamala Harris. 

If someone other than Kamala Harris becomes the presidential nominee, can that individual access the $91.5 million for his or her presidential campaign?  

No, under FEC regulations, the new nominee would have no access to or control over the Biden for President campaign cash. Biden for President would be limited to giving no more than a $2,000 contribution to the new presidential nominee’s campaign committee. 

Could the funds be transferred to the Democrat Party?  

Yes, under FEC regulation 11 CFR 113.2, there is no limit on the transfer of funds from a candidate committee to party committees. Biden for President could, therefore, transfer all of its cash to the Democratic National Committee, Democratic congressional and senatorial committees, and state and local party committees, which could then use the money to support their federal, state, and local candidates. Additionally, pursuant to the regulation, it could make donations to ‘State and local candidates subject to the provisions of State law.’ 

However, because political party committees have expenditure limits (a vestige of the 1970s post-Watergate federal campaign finance reforms), the DNC is limited in the amount of its expenditures that it is permitted to make in coordination with the new nominee’s campaign committee.  

For the 2024 campaign, the limit is $32.4 million. A party committee could make independent expenditures regarding the presidential campaign, but it could not make unlimited coordinated expenditures of the newly transferred funds. 

Could the funds be used to finance a superPAC (a super political action committee)?  

Yes, those funds that are transferred to the new superPAC could only be used to engage in independent expenditures without any coordination with the new nominee. As the FEC explains, superPACs cannot use their ‘funds to make contributions, whether direct, in-kind or via coordinated communications, to federal candidates or committees.’ While the DNC is permitted to make some expenditures coordinated with the new candidate, a SuperPAC can make no coordinated expenditures.  

What about becoming a regular political action committee that can make contributions to candidates?  

Biden for President could convert itself to a regular political action committee that is subject to federal contribution and donation limitations. But it could then only contribute $3,300 to the new presidential nominee, as FEC rules require a six-month waiting period before the new PAC qualifies to contribute at the higher ($5,000 per election) level. 

Could Biden convert all the money to his own personal use?  

No, federal law prohibits the personal use of campaign funds under 52 U.S.C. §30114. On the other hand, campaign committees are allowed to make charitable contributions in any amount to any organization that qualifies under 26 U.S.C. §170(c).  

That federal law includes ‘religious, charitable, scientific, literary, or educational’ institutions and foundations. That means that if Joe Biden wanted to transfer (after paying off all his remaining campaign expenses) $91.5 million to the Penn Biden Center for Diplomacy & Global Engagement, he could do it. 

And it should be noted that none of the funds from the campaign committee could be spent for ‘personal use’ on behalf of Biden either, as the funds retain their character as candidate funds until exhausted. 

The bottom line is that, in addition to facing almost immediate deadlines to certify the name of their presidential nominee to state election officials for inclusion on the general election ballot, Democrat officials will have a potential issue in not being able to use the political contributions raised by the Biden campaign – unless Vice President Kamala Harris becomes their presidential nominee. 

If it is someone else who is waiting in the wings to become the new nominee, it will be a whole new ball game when it comes to the campaign finance arena, an area fraught with legal peril and arcane restrictions that the Democrats and their leftist allies have insisted upon and imposed on campaigns, candidates and political parties for over five decades. 

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Top Democratic fundraiser Lindy Li says it is getting more and more difficult to bring in donations for President Biden’s re-election campaign as calls for him to withdraw continue to mount.

Li made the statement during an appearance on Fox News Sunday with host Shannon Bream. Bream pressed Li on whether Biden should stay in the race and whether Vice President Kamala Harris is the right candidate to replace him.

‘Fundraising has — big money fundraising has slowed. People — major donors who have pledged massive amounts of checks, and I’m talking six, seven — seven-figure checks have suddenly disappeared, fallen off the face of the Earth, rescinded their pledges,’ Li said.

‘It’s just hard because a lot of these people are successful business people and they see the election as a business proposition. And they would only bet on a campaign if it’s a winning prospect. But it’s just — I wish I had better news, but I’m also not here to give you talking points. This is just the truth,’ she added.

Bream then asked about Harris and whether she is the best candidate to take Biden’s place if he withdraws.

‘Skipping over Kamala Harris would be political malpractice. Full stop, end of story. The base — our base, Black Americans in particular, is why we defeated Trump at all,’ Li responded.

‘It’s not my place to tell President Biden what to do but if he were to step aside, Vice President Kamala Harris would be an excellent candidate. She’s a consummate prosecutor and she’s out there every single day effectively prosecuting the case, litigating the case against convicted felon Trump,’ she said.

‘It would be a catastrophic mistake to skip over her,’ she said.

While Biden and his staff have publicly insisted that he is staying in the race, the 81-year-old is reportedly now asking whether Harris could win, according to the New York Times. Several polls show Harris matching or even exceeding Biden’s performance against Trump as waves of Democrats call on Biden to withdraw.

Harris stands as the most obvious candidate to replace Biden thanks in large part to her presumed access to the Biden-Harris war chest should the president withdraw. Any other candidate would face an uncertain path to accessing the tens of millions of dollars donated throughout the race.

The White House pushed back on the Times report in a statement to Fox News Digital, saying Biden is locked in on campaigning.

‘That claim is false and The New York Times did not ask us about it. As Jen O’Malley Dillon said, he ‘is more committed than ever.’ And as you heard from the President, he looks forward to campaigning this week,’ said White House spokesman Andrew Bates.

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President Biden announced Sunday that he will suspend his 2024 re-election campaign amid mounting pressure from within the Democratic Party for the president to end his 2024 bid after a disastrous debate performance last month.

The unprecedented announcement came as an increasing number of Democrat lawmakers had begun to publicly call for Biden to step aside and the party’s leadership reportedly was engaged in efforts to convince Biden, 81, he could not win in November’s general election against former President Trump, the 2024 GOP nominee who Biden defeated four years ago to win the White House.

And Biden quickly offered his ‘full support and endorsement’ for Vice President Kamala Harris to take over as the party’s presidential nominee.

‘It has been the greatest honor of my life to serve as your president,’ Biden wrote in a public letter. ‘While it has been my intention to seek reelection, I believe it is in the best interests of my party and the country for me to stand down and focus solely on fulfilling my duties as president for the remainder of my term.’

Biden said he will formally address the nation later this week about his decision. 

‘For now, let me express my deepest gratitude to all those who have worked so hard to see me reelected,’ Biden wrote. ‘I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work. And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me.’ 

Biden added: ‘I believe today what I always have: that there is nothing America can’t do – when we do it together. We just have to remember we are the United States of America.’

In a social media post, Biden backed Harris to take over as the party’s standard-bearer.

‘My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this,’ Biden wrote.

Biden was diagnosed with COVID-19 on Wednesday, a revelation that came on the heels of several TV interviews and campaign appearances in which the president insisted he was remaining in the race. But the interviews failed to reassure supporters and provided critics – including those on the left – with further evidence that Biden was no longer up to the job.

Biden had delivered a strong welcome address to world leaders at last week’s NATO summit in Washington D.C. The showcase served as an opportunity to prove he was fit to continue his current term and eager and able to lead the nation for another four years.

For a time, it seemed Biden could survive the surge of calls for him to quit the race after House Minority Leader Hakeem Jeffries and Senate Majority Leader Chuck Schumer announced that they backed Biden’s bid. 

But Biden, who has long been known for a propensity to commit gaffes, continued to stumble. His missteps included a glaring error on the world stage at the NATO summit. While speaking on live television, Biden referred to Ukrainian President Volodymyr Zelenskyy as ‘Putin,’ name-checking Russian President Vladimir Putin, whose invasion of Zelenskyy’s Ukraine has precipitated more than two years of hellish war.

Questions over whether Biden would end his campaign remained the top political story heading into last weekend.

But two blockbuster developments in rapid succession – the attempted assassination of Trump at the former president’s rally in western Pennsylvania on Saturday and Trump’s naming Monday at the Republican National Convention of Sen. JD Vance of Ohio as his running mate – briefly halted the fervor over Biden for a couple of days.

But the call on Wednesday by Rep. Adam Schiff, the Democratic Senate nominee in California, for Biden to end his campaign, as well as reporting that top Democrats such as Schumer, Jeffries, and former House Speaker Nancy Pelosi had frank conversations with Biden, quickly reignited the political crisis for the president.

Biden’s stunning announcement occurred during the roughest stretch of what was a more than year-long campaign for a second term. Doubts about his viability at the top of the Democratic Party’s 2024 ticket began seeping out into the mainstream after his halting delivery and awkward answers were placed on full display for a national audience during June’s presidential debate with Trump in Atlanta. 

The performance sparked widespread panic within the president’s party and almost immediately spurred calls from political pundits, editorial writers and some party donors for Biden to step aside as the party’s 2024 standard-bearer.

As Biden struggled to regain his footing, an increasing number of House Democrats publicly urged the president to end his re-election bid.

Biden huddled with worried Democrats, including governors and congressional leaders, in the wake of the debate debacle and also was engaged in ‘working the phones,’ according to campaign officials. 

He started last week in a defiant posture, sending a letter to congressional Democrats in which he vowed that he was committed to campaigning against and beating Trump in November. Biden also urged lawmakers to stop focusing on the debate and end the calls for his withdrawal – pleas that he said only helped Trump. 

Biden followed that up with a call with members of the Congressional Black Caucus and also gained the support of members of the Congressional Hispanic Caucus. 

But concerns mounted and intensified. Democrat lawmakers met behind closed doors hoping to come to a consensus and support the president, but some were hesitant. 

The Biden campaign met with Senate Democrats on Capitol Hill and, for days, the White House and the Biden campaign – and the president himself – said Biden had no intention of dropping out of the race. 

White House press secretary Karine Jean-Pierre had told reporters that the president was ‘absolutely not’ considering dropping out.

And Quentin Fulks, the principal deputy Biden campaign manager, emphasized that ‘the president is in this race to win it. He is the Democratic nominee.’

On the day after the presidential debate, Biden acknowledged at a rally in Raleigh, North Carolina, ‘I know I’m not a young man, to state the obvious.’

‘Folks, I don’t walk as easy as I used to. I don’t speak as smoothly as I used to. I don’t debate as well as I used to,’ Biden added. ‘But I know what I do know. I know how to tell the truth. I know right from wrong. And I know how to do this job. I know how to get things done. And I know, like millions of Americans know, when you get knocked down, you get back up.’

And the president, pointing to his 2024 rematch with Trump, emphasized, ‘I would not be running again if I did not believe with all my heart and soul that I can do this job.’

But Biden soon was staring down a slew of polls showing his standing against Trump was slipping while concerns over his age were surging.

The president’s shocking announcement brings to an end his 2024 presidential campaign, which he launched in April of last year.

And it also seemingly brings to an end a half-century-long career in national politics. 

Biden was first elected to the Senate representing his home state of Delaware in 1972. During his nearly four decades in the Senate, he notably drafted and steered to passage the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act, chaired the Senate Foreign Relations and Judiciary committees and oversaw six Supreme Court confirmation hearings.

He also ran unsuccessfully for the 1988 and 2008 Democratic presidential nominations.

After dropping out of the 2008 race, then-Democratic presidential nominee and Sen. Barack Obama named Biden as his running mate. Biden served eight years as the nation’s vice president as he and Obama won the 2008 election and re-election in 2012.

Biden considered, but ultimately decided against, a run for the White House in the 2016 election cycle, as he mourned the loss of his elder son, Beau, to brain cancer. With Biden on the sidelines, the party coalesced around the candidacy of former Secretary of State Hillary Clinton.

But four years later, Biden launched a bid for the 2020 nomination. After dismal early finishes in the Iowa caucuses and New Hampshire primary, Biden turned his campaign around and a landslide victory in the South Carolina primary propelled him to the Democratic nomination. Biden went on to defeat Trump and win the White House.

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President Joe Biden dropped out of the 2024 presidential race on Sunday, and campaign finance experts say there are financial roadblocks to replacing him as the Democratic nominee.

The Biden-Harris campaign brought in a huge cash haul this cycle, reporting $127 million raised in June alone. But after Biden officially withdrew from the race, there are serious questions about whether another candidate would be able to inherit these funds.

While there are several candidates being floated as a Biden replacement, a political fundraiser with knowledge of presidential campaign finance told Fox News Digital that, as of right now, the money ‘is only accessible if your name is Joe Biden or Kamala Harris.’ 

Election law experts told Fox News Digital that Vice President Harris could likely use the campaign funds given that her name is on the Biden-Harris ticket. However, even the vice president could face hurdles with the money. 

According to Trey Trainor, a commissioner on the Federal Election Commission, it’s an ‘open-ended question’ whether the funds could be transferred to Harris.

When Biden is replaced as the nominee, legal experts tell Fox the Biden-Harris campaign would be allowed to transfer the funds to the Democratic National Committee, but the campaign arm is limited in how it can distribute that money.

Democratic Govs. Gavin Newsom of California and Gretchen Whitmer of Michigan and Transportation Secretary Pete Buttigieg have been floated as potential Biden replacements, but the experts do not believe other candidates would be able to easily obtain the funds.

Biden officially endorsed Harris for the Democratic nomination after announcing his withdrawal from the race.

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With only months until the presidential election and once-presumptive nominee President Biden no longer in the race, the next steps for the Democratic Party may seem somewhat unclear. 

Here is what you need to know about the Democratic Party’s nominating process following Biden’s decision to drop out of the 2024 race. 

Biden was the presumptive nominee for his party, having secured the vast majority of its delegates, which were awarded after primary elections this year. But now that the president has withdrawn, the delegates are no longer pledged to him and are free to vote as they choose.

Now, any eligible candidate can run for the nomination. Vice President Kamala Harris, Gov. Gavin Newsom, D-Calif., and Gov. Gretchen Whitmer, D-Mich., are often mentioned in the media. If Biden endorses a candidate, that person would have a clear advantage.

In order to become a candidate, someone must receive signatures from at least 300 delegates. A maximum of 50 can come from each state delegation.

To win the nomination, a candidate must receive the vote of a majority of pledged delegates at the party’s roll call vote, which would be 1,976 or more delegates. This is not a ‘popular’ or ‘public’ vote.

The Democratic primaries, which were such votes, have already happened throughout 2024. Biden won almost all those contests and was therefore awarded almost all the pledged Democratic delegates.

The only step left in the process is for delegates to formally nominate a candidate during the party’s ‘roll call vote.’ This is the regular part of the nominating process that would have occurred even without Biden ending his campaign. 

If no candidate reaches a majority in the first round of the roll call, then multiple rounds of voting take place, and superdelegates can also vote. At the Democratic convention a superdelegate is an automatically credentialed delegate — such as party leaders, governors and members of Congress.

No deadlines have passed that would prevent or lock out another eligible Democratic candidate from appearing on a general election ballot.

The Democrats are currently expected to formally nominate a candidate in August but before meeting at their convention, in a ‘virtual’ roll call.

The process and schedule could, however, still change.

A change in candidacy after that point would be settled by the Democratic National Convention. It would certainly be a political disaster and, as time passes, could also present legal and logistical challenges.

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