President Joe Biden has made the shocking announcement that he will not seek reelection in 2024. This move comes after Democrats raised worries about his age and ability to serve a second term following a rocky debate performance.

Biden said in a statement made on Sunday that he will “stand down” and focus on his commitments as President for the remainder of his tenure.

Biden’s move has jeopardised what was supposed to be a heated rematch between him and former President Donald Trump. Despite both candidates winning their party’s nominations, Biden’s dismal debate performance against Trump fuelled concerns among Democrats about his ability to defeat Trump.

Recognising the public’s concerns about his age, Biden, now 81, emphasised his qualifications and readiness to stay in the campaign. However, post-debate polling showed Trump gaining a little advantage over Biden, indicating the debate’s negative influence on his prospects.

In a subsequent statement, Biden supported Vice President Kamala Harris as the Democratic nominee, emphasising the need of party unity in defeating Donald Trump. With Biden’s exit from the race, Harris is emerging as a potential substitute.

While the Democratic Party struggles internally and calls for a new candidate, the Republican Party has presented a united front at its National Convention in Milwaukee, Wisconsin.

Throughout his speech, Trump emphasised his commitment to representing all Americans and uniting the country. This is a developing story, and further updates will be provided.