President Biden announced Sunday that he was pulling out of the 2024 race following a weeks-long pressure campaign from fellow Democrats that began in earnest following his much-criticized debate performance in late June.“I believe it is in the best interest of my party and the country for me to stand down," Biden said in a statement posted to X. He added that he plans to address the nation later this week, but made clear that he intends to finish out the last three months of his term in office. In a separate post following the announcement, Biden wrote that he is endorsing his vice president, Kamala Harris, to be the Democratic nominee for president.