In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT U.S. President Joe Biden disembarks Air Force One on his way back to Washington, at Joint Base Andrews in Maryland, U.

S., July 23, 2024. Ken Cedeno | Reuters President Joe Biden on Wednesday night will tell American public that "the defense of democracy is more important than any title," as he explains his stunning decision to drop out of the presidential election and endorse Vice President Kamala Harris as the Democratic Party's nominee.

"I draw strength, and find joy, in working for the American people," Biden plans to say from the Oval Office according to excerpts of his address released in advance by the White House . "But this sacred task of perfecting our union is not about me. It's about you.

Your families. Your futures. It's about 'We the People.

' " Biden's speech comes three days after the 81-year-old president quit the race against former President Donald Trump , the Republican nominee, and threw his full support behind Harris . "I have decided the best way forward is to pass the torch to a new generation," Biden plans to say. "That is the best way to unite our nation.

" The president, who plans to serve out the remainder of his first term, which ends in January, returned to Washington on Tuesday after several days of isolating at his Delaware beach house, recovering from Covid-19. Biden's decision to exit the race on Sunday during that Covid quarantine came after a weeks-long pressure campaign from.