BREAKING: Biden says he will end his re-election bid

President Joe Biden said he is stepping aside from the presidential race in a letter posted to X.

“It has been the greatest honor of my lift to serve as your president,” he wrote. “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.”

Biden said he will speak to the nation later this week “in more detail about my decision.”