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FT News Briefing

Joe Biden drops out of US presidential race

Jul 22, 2024
11:24
Snipd AI
Vice President Kamala Harris discusses Joe Biden dropping out of the US presidential race and endorsing her. The podcast also covers India's PM Modi's budget challenges and the UK's fiscal statement. Topics include Biden's decision, Democratic Party implications, UK's financial crisis, and government strategies for public services and taxes.
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Podcast summary created with Snipd AI

Quick takeaways

  • Joe Biden withdraws from 2024 US presidential race, endorsing Kamala Harris.
  • Narendra Modi faces budget pressures from coalition allies post-election victory.

Deep dives

Joe Biden drops out of 2024 race and endorses Kamala Harris

Joe Biden recently announced his decision to drop out of the 2024 US presidential race and endorsed his vice president, Kamala Harris, as the Democratic candidate for the November elections. This unprecedented move came after a poor debate performance due to stumbles and forgetfulness, leading to intense pressure from party leaders and donors. The timing, with less than a month until the Democratic National Convention and just over three months until the election, poses significant challenges for the Democrats to come up with an alternate plan. Financial strain on the campaign and Biden's recent COVID diagnosis also influenced his decision.

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