Politics
Joe Biden Exits 2024 Presidential Race, Shaking Up U.S. Political Landscape
In a turn of events in American politics, President Joe Biden has announced that he will not seek re-election in 2024. His announcement, shared on the media this Sunday afternoon, gives Donald Trump a significant edge in the upcoming presidential race.
Concerns about Biden’s ability to lead another campaign at the age of 81 came to a head after a televised debate with Trump on June 27 during which Biden displayed signs of cognitive fatigue. Following this, prominent Democrats, including former President Barack Obama, openly called for Biden to step aside.
In a message posted online, Biden stated:
“Serving as your president has been the greatest honor of my life. And while it has been my intention to run for re-election, I believe that the best course of action for my party and the country is for me to step aside and focus solely on fulfilling my duties as President for the remainder of my term.”
Biden’s choice was also influenced by recent public blunders during events and appearances, such as at the NATO summit marking its 75th anniversary where he mistakenly referred to Ukrainian President Volodymyr Zelenskyy as “President Putin” and his own Vice President Kamala Harris, as “Vice President Trump.”
The pressure reached its peak when a notable opinion piece by George Clooney, a supporter of the Democratic Party was published in the ‘New York Times’ suggesting that Biden might face challenges in his race against time.
The situation became more complex when Biden tested positive for COVID-19, leading to his recovery at his home in Delaware. Despite plans by the Democratic Party to secure his nomination through a virtual vote before the Chicago convention, Biden eventually decided to step back.
Biden’s withdrawal has triggered discussions about who will succeed him. Vice President Kamala Harris appears to be a contender and could potentially make history as the first female President of the United States. Nonetheless, other notable Democrats like California Governor Gavin Newsom and Michigan Governor Gretchen Whitmer have also emerged as candidates.
This turn of events marks a moment in American politics as the Democratic Party faces uncertainty just months before the 2024 elections. The repercussions of this withdrawal could have far-reaching effects, on both the domestic political landscape and global power dynamics.
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On November 7, Ecumenical Patriarch Bartholomew sent a congratulatory letter to the newly elected US President Donald Trump, wishing him health, strength and success in his upcoming second presidential term.
“Recognizing the enormous responsibilities of such a leadership position, we pray that your decisions will be guided by wisdom and compassion, as well as by the strength necessary to maintain harmony and security in your great and God-protected nation,” noted Patr. Bartholomew:
“The Ecumenical Patriarchate, with its ancient history and its fundamental commitment to dialogue and reconciliation, remains a constant supporter of all efforts to promote peace and understanding between people of different cultures and beliefs. We hope that under your leadership the United States will continue to support the cause of religious freedom and human dignity – values that resonate deeply in the Orthodox Christian tradition and all faith communities,” the congratulatory letter said.
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The last of Russia’s major state-owned banks, which retains access to the SWIFT system for international payments in the world’s major currencies, will become subject to new US sanctions.
The White House is considering blacklisting Gazprombank, the Russian Federation’s third-largest bank by assets, which is a “hub” for gas payments with Europe. As the Nikkei reported, citing officials familiar with the matter, GPB could be subject to blocking sanctions: it would be barred from any transactions with US banks. A decision on sanctions will be made by the end of November – the United States has notified its G7 partners about this, sources told the publication, including high-ranking European officials.
Directly owned by Gazprom with a third and another 40% by its pension fund, Gazprombank is not yet subject to strict Western restrictions: in the United States it is only prohibited from raising capital on the debt market, although its top managers and a subsidiary are subject to blocking sanctions IT company. In the European Union, GPB also avoids blacklists, and only Britain has introduced blockers against the bank.
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