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. 

"Kamala Harris owns the entire leftwing policy record of Joe Biden. The only difference is that she is even more liberal and less competent than Joe, which is really saying something. She was put in charge of the border and we saw the worst invasion of illegals in our history!!!"

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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Republican presidential candidate Donald Trump has reacted for the first time after Biden quit the presidential race. 

"Crooked Joe Biden was not fit to run for President, and is certainly not fit to serve - And never was! He only attained the position of President by lies, Fake News, and not leaving his Basement," said Trump. 

"All those around him, including his Doctor and the Media, knew that he wasn’t capable of being President, and he wasn’t - And now, look what he’s done to our Country, with millions of people coming across our Border, totally unchecked and unvetted, many from prisons, mental institutions, and record numbers of terrorists. We will suffer greatly because of his presidency, but we will remedy the damage he has done very quickly. MAKE AMERICA GREAT AGAIN!"

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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Joe Biden's granddaughter Naomi Biden was the first one to react after the president pulled out of the November elections. 

"I’m nothing but proud today of my Pop, our President, Joe Biden, who has served our country with every bit of his soul and with unmatched distinction. Not only has he been—and will continue to be—the most effective president of our lifetime, but he has likely already cemented himself as the most effective and impactful public servant in our nation’s history," she wrote.

"Our world is better today in so many ways thanks to him. To the Americans who have always had his back, keep the faith. He will always have ours," Naomi added.

Minutes after quitting presidential race, US President Joe Biden has endorsed Vice President Kamala Harris as the Democrat nominee for the November elections. 

"My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this."

Only 18 hours ago, Joe Biden had posted on X that we will win the November elections against Trump. 

Joe Biden has withdrawn from the race for the US presidency, succumbing to the mounting pressure from his Democratic colleagues on Capitol Hill as well as top donors.