This is a breaking news alert. President Biden has just announced he will not be seeking re-election.

He just posted a letter where he states that he will serve out the remainder of his term as President of the United States and will not be seeking

re-election. This comes after a pressure campaign by the media, by some in the Democratic Party and by Democratic donors.

Let me read for you the letter that President Biden just posted moments ago.

My fellow Americans, over the past three and a half years we have made great

progress as a nation. Today America has the strongest economy in the world. We've made

historic investments in rebuilding our nation,

in lowering prescription drug costs for seniors, and in expanding affordable health care to a record

number of Americans. We provided critically needed care to a million

veterans exposed to toxic substances, passed the first gun safety law in 30 years,

appointed the first African American women to the Supreme Court, and passed the most significant

climate legislation in the history of the world.

America has never been better positioned to lead than we are today. I know none of this could have been done without

you the American people. Together we overcame a once in a century pandemic and the

worst economic crisis since the Great Depression.

We've protected and preserved our democracy and we've revitalized and strengthened

our alliances around the world.

It has been the greatest honor of my life to serve as your president, and while it has been my intention

to seek re-election, 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 my term.

I will speak to the nation later this week in more detail about my decision.

For now, let me express my deepest gratitude to all those who have worked so hard to see me reelected.

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