President Joe Biden announced he will not seek re-election in a rare Oval Office address, stating it is time to 'pass the torch to a new generation' and focus on his current duties for the remaining six months of his term. Biden's decision follows significant pressure from Democratic leaders and donors concerned about his age and recent verbal missteps. Vice President Kamala Harris has emerged as the Democratic nominee, swiftly securing the necessary delegates and raising substantial campaign funds. Biden's announcement marks the first time since 1968 that a sitting president has voluntarily chosen not to seek a second term. Despite stepping down, Biden emphasized his commitment to addressing key issues, including federal spending and international relations, during his remaining time in office. Many Democrats, including key lawmakers and party leaders, have expressed support for Harris, viewing her as capable of building a coalition to win the upcoming election.