Joe Biden quits US presidential race Highlights: Democratic group hails 'biggest' fundraising day of 2024

KAMA, the meme coin of US Vice President and potential Democratic presidential candidate Kamala Harris, hit an all-time high of 2.4 cents just minutes after President Joe Biden withdrew from the White House race on Sunday (July 21).

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Democratic fundraising group ActBlue said on Sunday that it had seen its biggest single-day haul of the 2024 election after Biden dropped out of the presidential race and endorsed Kamala Harris.

"As of 9pm ET, grassroots supporters have raised $46.7 million through ActBlue following Vice President Kamala Harris' campaign launch. This has been the biggest fundraising day of the 2024 cycle," ActBlue said in a post on X. 

Below are the potential replacements for Joe Biden as official Democrat nominee for the 2024 presidential elections.

Kamala Harris, US vice president
Gavin Newsom, California governor
Gretchen Whitmer, Michigan governor
Josh Shapiro, Pennsylvania governor
JB Pritzker, Illinois governor
Wes Moore, Maryland governor
Andy Beshear, Kentucky governor
Amy Klobuchar, senator
Pete Buttigieg, Transportation secretary

JOSEPH R. BIDEN, JR. July 21, 2024

“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’ve 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 woman 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 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.

“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. I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work. And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me. I believe today what I always have: that there is nothing America can’t do – when we do it together. We just have to remember we are the United States of America.”

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Democrats now have to choose a new nominee. Their convention is in Chicago Monday, 19 August, through Thursday, 22 August. Biden has already endorsed Kamala Harris - meaning, if the VP's endorsement is approved at the Democratic Party convention, she would become the first US presidential candidate of Indian origin. After that, if she wins the November election, she will become the first woman and Indian origin president of the US.

Here’s what the US president wrote in the letter in which he announced he is dropping out of the presidential race:

JOSEPH R. BIDEN, JR. July 21, 2024

“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’ve 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 woman 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 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.

“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. I want to thank Vice President Kamala Harris for being an extraordinary partner in all this work. And let me express my heartfelt appreciation to the American people for the faith and trust you have placed in me. I believe today what I always have: that there is nothing America can’t do – when we do it together. We just have to remember we are the United States of America.”

Before Biden made his decision on Sunday (Jul 21), at least 37 Democratic Congressmen had publicly asked him to 'pass the torch' to a new generation.

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