Watch: Biden explains his decision to exit presidential race

[The stream is slated to start at 8 p.m. ET.

Please refresh the page if you do not see a player above at that time.] President Joe Biden will deliver a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump , and to lay out his plan for the remaining months of his term. It is the first time Biden has addressed the nation since exiting the race and endorsing Vice President Kamala Harris to replace him.

The president returned to Washington on Tuesday after quarantining at his Delaware beach house with Covid-19 . More news on the 2024 election Kamala Harris' tech allies on track to raise over $100 million as they work to win over Silicon Valley skeptics Fox News invites Harris and Trump to debate in September Recap: Harris neck and neck with Trump in polls, as Wisconsin rally draws 3,000 supporters Subscribe to CNBC on YouTube..