Biden’s decision follows a wave of calls from fellow Democrats urging him to allow the party to choose a new nominee.

This announcement significantly alters the presidential race just months before Election Day, presenting new challenges for the Democratic party, which now must quickly assemble a new presidential ticket.

The next candidate will need to compete against the Republican ticket of Trump and Sen. JD Vance, secure support from donors and delegates, and convince voters of their suitability for the presidency.

Biden’s support within his party began to wane following a poorly received debate performance against Trump in late June, where he appeared stiff and unclear in contrast to a more composed Trump.

High-profile Democratic donors and supporters openly urged Biden to step aside, some threatening to withhold campaign contributions according to reports by US media outlets. This move sets the stage for a dramatic shift in the upcoming election dynamics.