From the New York Times, I'm Michael Bolarro.

This is the Daily.

Good day, we are coming on the air with significant breaking news.

In a political earthquake,

President Joe Biden has just announced that he is dropping out of the 2024 presidential race.

Joe Biden has ended his campaign for president and endorsed his vice president, Kamala Harris, as his replacement.

Just moments ago, the president tweeted out,

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 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.

Today, Peter Baker, on how the race for the White House has suddenly been turned upside down.

It's Monday, July 22nd.

Peter, good evening.

It's 7 p.m. Sunday night.

we are all still catching our breaths and processing this news.

But you bring a special set of credentials to this moment.

You're not just the Chief White House correspondent for the times you're a

historian of the presidency and of American politics and so in that context I

very much want to understand your reaction to what happened a little before 2 PM this afternoon.

Yeah, Michael, there's literally no historical precedent for this, nothing. Nothing comes close close and I say that because no

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