President Joe Biden is no longer seeking re-election.Yesterday he announced the decision to step down as the Democratic presidential nominee in a letter posted to his social media platforms.

President Biden wrote, "And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of the term."

He also said he would speak about it in greater detail later this week. Shortly after, he endorsed Vice President Kamala Harris to take his place.

We discuss how the decision affects the Democrats' chances of victory in November.

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