• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsU.S. Presidential Election

Biden says he dropped out after hearing re-election fears from Democrats in Congress

By
Skylar Woodhouse
Skylar Woodhouse
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Skylar Woodhouse
Skylar Woodhouse
and
Bloomberg
Bloomberg
Down Arrow Button Icon
August 11, 2024, 11:25 AM ET
Joe Biden stands at podium
Joe Biden told CBS he thought “it would be a real distraction” if he continued to pursue his second-term bid.Chip Somodevilla—Getty Images

President Joe Biden said he ended his reelection bid after hearing from congressional Democrats that he’d harm their chances in November, and concluding that he’d be “a real distraction” if he stayed in the race.

Recommended Video

In his first sit-down interview since dropping out on July 21, weeks after a disastrous debate with Republican nominee Donald Trump, Biden gave a glimpse of the build-up to the decision, which followed pressure from his party amid concern over his age and mental acuity.

“Polls we had showed that is was a neck-and-neck race; it would have been down to wire,” Biden said on CBS’s Sunday Morning. “But what happened was a number of my Democratic colleagues in the House and Senate thought that I was going to hurt them in their races. And I was concerned if I stayed in the race that would be the topic.”

Biden, who endorsed Vice President Kamala Harris for the Democratic nomination after bowing out, said he thought “it would be a real distraction” if he continued to pursue his second-term bid.

Biden and Harris plan to campaign in Maryland on Aug. 15, their first joint appearance since he left the race and she secured their party’s presidential nomination. 

While the president has framed his decision as a bid to unify the country under a younger generation of leaders, he was relentlessly pressured by his own party to make the move.

“We must, we must, we must defeat Trump,” Biden, 81, said in the CBS News interview, which was recorded last week.

Biden’s exit from the race made him the first sitting US president not to pursue a second term since 1968, when fellow Democrat Lyndon Baines Johnson said he wouldn’t accept his party’s nomination.

It followed an already tumultuous 2024 race that’s seen Trump become the first former president to be convicted of a felony. Trump later survived an assassination event from a gunman whose bullet clipped his ear.

Biden addressed his exit in a July 24 address from the Oval Office, saying he’d “decided the best way forward is to pass the torch to a new generation.” He insisted he’d finish out his term and would stay “focused on doing my job as president.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Skylar Woodhouse
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Middle East
How the Iran War is related to the real winner of the Iraq War 20 years ago
By March 10, 2026
16 seconds ago
trump
Economynational debt
Trump’s economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what comes next
By Nick LichtenbergMarch 10, 2026
57 minutes ago
PoliticsPrivacy
Washington state wants to keep employers from microchipping workers, before anyone even gets the idea
By Catherina GioinoMarch 10, 2026
1 hour ago
Photo of Jeff Dean
AIAnthropic
Google and OpenAI employees back Anthropic in a legal fight that could redefine military use of AI
By Beatrice NolanMarch 10, 2026
2 hours ago
Photo of Stephen Miller
EconomyImmigration
Trump’s immigration crackdown is backfiring by hurting the U.S.-born workers it was meant to help, data shows
By Sasha RogelbergMarch 10, 2026
2 hours ago
trump
LawDonald Trump
Voting tech firm Smartmatic seeks to dismiss money laundering charge as part of Trump’s ‘campaign of retribution’ after 2020 election loss
By The Associated Press and Joshua GoodmanMarch 10, 2026
3 hours ago

Most Popular

placeholder alt text
Real Estate
Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision
By Sydney LakeMarch 9, 2026
1 day ago
placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
6 hours ago
placeholder alt text
Investing
Oracle is under pressure from more than $100 billion in debt and massive layoffs as it pushes ahead with Larry Ellison’s 3-step transformation 
By Amanda GerutMarch 9, 2026
21 hours ago
placeholder alt text
Middle East
Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
By Jason MaMarch 9, 2026
1 day ago
placeholder alt text
Energy
Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full
By Tristan BoveMarch 9, 2026
1 day ago
placeholder alt text
Personal Finance
Current price of gold as of March 9, 2026
By Danny BakstMarch 9, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.