Urgent: Biden announces his withdrawal from the presidential race

US President Joe Biden announced in a statement issued on Sunday that he will not run for a new presidential term in the 2024 elections, stressing that he will focus on performing his duties as president for the rest of his term.

According to a statement published on his page on the X platform, the announcement came after evaluating the situation with senior officials in his administration, where Biden expressed his pride in the achievements made over the past three and a half years, pointing to the strength of the American economy and historic investments in rebuilding the nation, improving health care, and strengthening democracy.

Biden indicated that his decision was in the interest of his party and the country, stressing that he will speak to the nation later this week with more details about his decision.

Biden expressed his deep gratitude to all those who worked to re-elect him, and extended his special thanks to Vice President Kamala Harris for her exceptional partnership in work.

Biden concluded his statement by saying: "There is nothing America cannot do when we work together. We just have to remember that we are the United States of America."