00:00Welcome back to live now from Fox and we have some breaking news as President Joe Biden has just announced that he is dropping out of the 2024 presidential race.
00:11This happening just moments ago. You are taking a look at the letter that he has just issued and we are going to read it in its entirety.
00:21It says, my fellow Americans, over the past three and a half years, we have made great progress as a nation.
00:28Today, America has the strongest economy in the world.
00:32We have 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.
00:43We have provided critically needed care to a million veterans exposed to toxic substances,
00:49passed the first gun safety law in 30 years, appointed the first African-American woman to the Supreme Court and passed the most significant climate legislation in the history of the world.
01:01America has never been better positioned to lead than we are today.
01:06It goes on to say, quote, I know none of this could have been done without you, the American people.
01:12Together, we overcame a once-in-a-century pandemic and the worst economic crisis since the Great Depression.
01:19We've protected and preserved our democracy and we've revitalized and strengthened our alliances around the world.
01:27It has been the greatest honor of my life to serve as your president.
01:31And while it had 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 my term.
01:46I will speak to the nation later this week in more detail about my decision.
01:51For now, let me express my deepest gratitude to all those who have worked so hard to see me reelected.
01:58I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work.
02:04And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me.
02:11I believe today what I have always, that there is nothing America can't do when we do it together.
02:18We just have to remember we are the United States of America.
02:22The letter signed Joe Biden.
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