Saturday, July 13, 2024

Biden Defends 2024 Candidacy Amid Calls to Withdraw


  • President Joe Biden asserts his commitment to run for reelection in a surprise interview.
  • Growing concerns from lawmakers and donors about Biden’s ability to win against Trump.
  • Biden’s upcoming schedule includes crucial NATO summit and news conference.

In a surprise television interview, President Joe Biden staunchly defended his candidacy for the 2024 presidential election, despite increasing public calls from lawmakers and donors for him to step down. The President’s remarks come at a critical time as he navigates both his campaign and significant international obligations.

Biden’s Firm Stance

President Joe Biden made an unexpected appearance on MSNBC’s “Morning Joe,” where he firmly declared his intention to continue his bid for reelection. This interview followed a tumultuous weekend where several prominent Democrats expressed doubts about his ability to secure another term.

“I’m not going anywhere,” Biden stated emphatically. “I absolutely believe that I am the best candidate to beat Donald Trump in 2024.” The President’s frustration with party elites was evident as he criticized those urging him to withdraw, emphasizing that he was not swayed by the opinions of wealthy donors .

Growing Concerns from Democrats

The backlash against Biden intensified after a perceived weak performance in a recent debate with Trump. Despite this, Biden reassured hosts Joe Scarborough and Mika Brzezinski that his campaign would not be dictated by the concerns of affluent backers. “I want their support, but that’s not the reason I’m running,” he said, underscoring his commitment to his campaign’s principles.

The pressure on Biden increased over the weekend when four senior House Democrats joined the growing chorus calling for him to exit the race. This brings the total to nine Democratic lawmakers openly questioning his candidacy. Representatives Adam Smith (Wash.), Jerry Nadler (N.Y.), Mark Takano (Calif.), and Joe Morelle (N.Y.) added their voices to the calls for Biden to step down.

4 More House Democrats Call for Biden to Take a Hike in Private Call:  Reports

Strategic Meetings and Letters

Biden responded by sending a letter to congressional Democrats, reaffirming his determination to stay in the race and warning against any sign of weakening resolve. “The question of how to move forward has been well-aired for over a week now. And it’s time for it to end,” Biden wrote. “Any weakening of resolve or lack of clarity about the task ahead only helps Trump and hurts us” .

Last week, Biden engaged in several strategic meetings with key Democratic figures, including former House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, to consolidate support and address the party’s concerns.

Upcoming Challenges

As Biden prepares for a pivotal week, including the NATO summit and a critical news conference, his resolve to continue his campaign remains unwavering. The NATO summit will require him to unify foreign allies around support for Ukraine while simultaneously addressing the Democratic Party’s concerns about his reelection bid .

On Thursday, Biden is scheduled to hold a news conference where all eyes will watch for if the president can redeem himself in an unscripted environment, receiving challenging questions. Biden is also expected to make more calls to lawmakers in the coming days to reassure them.

Impact on the Stock Market

The uncertainty surrounding Biden’s reelection campaign has had a noticeable impact on the stock market. Investors are closely monitoring political developments, as the stability of the administration can influence market confidence. Political analysts have noted that any signs of instability or shifts in Biden’s campaign could lead to market volatility. The market’s response to Biden’s firm stance and upcoming public appearances will be crucial in the coming weeks. Historically, political uncertainty has led to fluctuations in stock prices, and Biden’s performance in both the NATO summit and the news conference could either stabilize or further unsettle the market .


The coming days will be crucial in determining whether Biden can allay the fears of his party and solidify his path to the 2024 election. With key moments ahead, Biden’s ability to unite his party and demonstrate strong leadership will be under intense scrutiny. His performance in both the NATO summit and the upcoming news conference will be critical in shaping the future of his campaign.

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Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website. He then contributed to building Guerilla Capital, a Capital Markets company and FirstPhase Capital where he was head of research. At10xAlerts, he writes articles and conducts interviews on many sectors, including breaking news technology, metals & mining markets.


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