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☆ Read President Joe Biden's letter announcing his decision to drop out of the 2024 race
▼ + stars: | 2024-07-21 | by ( Riya Bhattacharjee | In Riyabhattacharjee | ) www.cnbc.com time to read: 1 min

The letter in which U.S. President Joe Biden announced his withdrawal from candidacy is being displayed on a mobile phone screen in front of a computer screen displaying a photo of President Biden on July 21, 2024 in Ankara, Turkiye. President Joe Biden on Sunday announced he will not be seeking reelection in the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic Party's nominee. "It has been the greatest honor of my life to serve as your President," Biden, the 46th president of the United States, wrote in a letter to Americans. "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 focus solely on fulfilling my duties as President for the remainder of my term." Read the full letter from President Joe Biden:

Persons: Joe Biden, Biden, Kamala Harris Organizations: U.S, Sunday, Democratic Party's Locations: Ankara, Turkiye, United States

☆ Vice President Harris to speak with Democratic donors
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVice President Harris to speak with Democratic donorsCNBC's Megan Cassella joins 'Power Lunch' to report on the Democratic Party's division and talk with donors.

Persons: Harris, Megan Cassella Organizations: Democratic Party's

☆ Top Biden ally changes his tune as 8 more Democrats ask president to drop out
▼ + stars: | 2024-07-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC. "The stakes of this race couldn't be higher, and the only Democrat who's ever beaten Donald Trump is Joe Biden," Coons told ABC News on June 30. So far, 27 House Democrats and three Democratic senators have urged Biden to drop out. The new tally means that more than 10% of the Democratic House caucus, which has 213 members, have publicly called for Biden to step aside. "This November, we will harness the power of our community to defeat Donald Trump and his Project 2025 agenda, and reelect President Biden," CHC Bold PAC said in a statement.

Persons: Joe Biden, Donald Trump, Sen, Chris Coons, Joe Biden's, Biden, Coons, Democrat who's, Jen O'Malley Dillion, Donald Trump's, Trump, Martin Henrich of, Biden's, Jon Tester, Montana, Vermont's Peter Welch ., Sean Casten, Chuy Garcia, Zoe Logren, Jared Huffman, Marc Veasy of, Mark Pocan, Greg Landsman, Ohio, O'Malley Dillion, ", Dan Kanninen Organizations: Republican, White, Delaware Democrat, Democratic, Aspen National Security, Democrat, ABC News, NBC News, Democrats, Vermont's Peter Welch . Seven, Chuy Garcia of Illinois, Democratic House caucus, Congressional Hispanic Caucus, reelect, CHC, Biden Locations: Washington , DC, Delaware, America, Mexico, California, Marc Veasy of Texas, Wisconsin

☆ Harris hits the campaign trail under spotlight as Biden faces mounting pressure to drop out
▼ + stars: | 2024-07-18 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

And more than 1,000 factories closed under his watch," Harris said in Fayetteville. "Meanwhile, President Joe Biden and I have created nearly 800,000 new manufacturing jobs — so much so it's been described as a manufacturing boom." The vice president's remarks come amid intense pressure from top Democrats for Biden to drop out of the presidential race. According to media reports, Senate Majority Leader Chuck Schumer and former House Speaker Nancy Pelosi have both told Biden that his bid for reelection could endanger the party's electoral chances in both chambers of Congress. And while Democratic megadonors pressure Biden to step aside, donor events that feature Harris have started to sell out.

Persons: Kamala Harris, Joe Biden, Biden, Donald Trump, Harris, it's, Chuck Schumer, Nancy Pelosi, Barack's Obama's Organizations: Democratic, America, NBC News Locations: North Carolina, Fayetteville

☆ Democratic megadonor Ron Conway took his concerns about Biden directly to Pelosi
▼ + stars: | 2024-07-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Venture capitalist and Democratic megadonor Ron Conway has spoken directly with former House Speaker Nancy Pelosi about President Joe Biden's disastrous debate performance, according to three people familiar with the matter. Representatives for both Pelosi and Conway did not deny that the California Democrat and unofficial dean of the House Democratic caucus had spoken to Conway about Biden. "Like many others, since the debate Ron has had many conversations with Democratic party leaders and other major donors about the best path forward for victory. He's given over $400,000 to the Biden Victory Fund throughout the 2024 election cycle, according to Federal Election Commission records. Conway gave over $200,000 to the Nancy Pelosi Victory Fund during the 2022 congressional midterm elections, according to OpenSecrets.

Persons: Nancy Pelosi, Ron Conway, Joe Biden's, Conway, Donald Trump, Pelosi, Conway's, Biden, Ron, He's, Biden's, Kamala Harris, Trump, George Stephanopoulos, bundlers, Stewart Bainum Jr, he's, Abigail Disney, Disney Organizations: SV Angel, Conference, Venture, Democratic, CNBC, MSNBC, California Democrat, House Democratic, Trump, ABC News, Biden, Fund, Commission, House Democrats, Choice Locations: California, San Francisco , California, U.S, Silicon Valley, OpenSecrets, Chicago

☆ Majority of economists say inflation would be higher under Trump than Biden: WSJ survey
▼ + stars: | 2024-07-12 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

A majority of economists surveyed by The Wall Street Journal said former President Donald Trump's policies would be more likely to reignite inflation than President Joe Biden's would. Eight of the economists in the WSJ survey said inflation would be worse under Biden than Trump. Meanwhile, the several economists who saw Biden as the bigger inflation threat cited large spending packages. Still, 51% of economists in the WSJ survey estimate that federal deficits will rise more under Trump, who has proposed making his first-term tax cuts permanent. Meanwhile, 22% of economists think the same for Biden, in part citing Democrats' historically higher support for government spending.

Persons: Donald Trump's, Joe Biden's, Trump, Biden, Biden's, Harris, Sarafina Chitika Organizations: Wall Street Journal, Biden, Republican, Trump, Wall Street, Democratic, Capitol, Federal Reserve Locations: China, U.S, Trump

☆ Biden aide suggests that the president has more stamina than George Clooney: report
▼ + stars: | 2024-07-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

A Biden aide suggested Biden has greater stamina than George Clooney, a CNN correspondent said. The aide said that the president had stayed three hours longer than Clooney at a recent fundraiser. This was the fundraiser mentioned by Clooney in his devastating op-ed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Biden campaign reportedly hit back at George Clooney's devastating op-ed on Wednesday by suggesting that the president had more energy than the actor.

Persons: Biden, George Clooney, Clooney, —, George Clooney's, Clooney's, Joe Biden — Organizations: CNN, Service, The New York Times, Democratic, Business

☆ Billionaire Ray Dalio outlines the 3 strategies Democrats could use to deal with Biden, the 'emperor who has no clothes'
▼ + stars: | 2024-07-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, wrote a column for Time magazine published Tuesday. "To begin, I want to make clear that I respect, like, and empathize with President Biden and I get that Democrats find themselves in a difficult position," Dalio wrote. "I look at this case like the fable of the emperor who has no clothes," Dalio added. First, the party can retain Biden as its nominee, a path Dalio thinks the party has chosen for now — at least publicly. Related storiesThe billionaire then suggested two alternative strategies, including a "mini-primary plan" where a select group of candidates battle it out to succeed Biden.

Persons: —, Ray Dalio, Joe Biden's, Biden, Dalio, straightforwardness, Kamala Harris, Biden didn't, Donald Trump, Nancy Pelosi, Joe Organizations: Service, Democratic Party, Bridgewater Associates, LinkedIn, Business, Biden, Democratic, BI, Trump

☆ New York Times editorial board says Biden has 'put the country at risk' by remaining in the presidential race
▼ + stars: | 2024-07-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Biden's poor debate performance against Trump has set off major alarm bells with many Democratic voters, lawmakers, and donors — a scenario that they didn't envision in the lead-up to the party's August convention in Chicago. Related storiesAfter last month's debate, The Times' editorial board, which operates separately from the newsroom, called on Biden to step aside as the Democratic nominee. AdvertisementAnd this week, the board once again urged Biden to leave the race, arguing that the president was seeking to "defy reality" by remaining the Democratic Party's standard-bearer. "Mr. Biden has disregarded the concerns of those voters — his fellow citizens — and put the country at significant risk by continuing to insist that he is the best Democrat to defeat Mr. But as Biden defended his reelection bid, he leaned into his age as an important part of his life experience.

Persons: —, Joe Biden, he's, Donald Trump, Biden, Mr, Trump, he'll Organizations: Service, Trump, Democratic, Business, New York Times, Times, — Locations: Chicago

☆ These Democratic megadonors are pressuring Biden to drop out
▼ + stars: | 2024-07-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

A growing list of wealthy Democrats are using their checkbooks to pressure Biden to drop out. Others, such as Netflix cofounder Reed Hastings, simply no longer support Biden. The donor uprising adds further obstacles to Biden hanging on after his disastrous debate performance. AdvertisementSome of the Democratic Party's biggest donors are pressuring President Joe Biden to step aside. Others are so angry about the president's standing after his disastrous debate performance that they have vowed to cut off all Democrats.

Persons: Biden, Reed Hastings, —, Joe Biden Organizations: Netflix, Service, Democratic, Hollywood titans, Democratic Party, Business

☆ Replacing Biden with anyone but Harris would be a real headache for Democrats
▼ + stars: | 2024-07-03 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

That's because she shares a campaign committee with Biden, Ghosh said. Or, in yet another version of the future, the Biden campaign could transfer the funds to the national party. Rep. James Clyburn of South Carolina, whose backing helped Biden win the state's 2020 primary, has said he would want Harris if Biden drops out. AdvertisementIn Washington, where the optics are never far out of sight, it would be impossible to ignore passing over the first female vice president for a man, or the first Black vice president for a white candidate. AdvertisementAlready, Republicans are preparing for a potential Harris bid should she get the nomination and, with it, the campaign money.

Persons: —, Joe Biden, Kamala Harris, Biden, Harris, Saurav Ghosh, Ghosh, there's, James Clyburn of, it's, Clyburn, Gavin Newsom, Gretchen Whitmer, Whitmer Organizations: Service, Wednesday, Associated Press, Business, Democratic Party, AP, Biden, NBC, Democratic, Rep, MSNBC, Black, Michigan, Republican National Committee Locations: James Clyburn of South Carolina, Washington, California

☆ Biden and the Democrats can't decide what to blame the disastrous debate on
▼ + stars: | 2024-07-03 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden has offered a new explanation for his disastrous debate performance: jet lag. On debate night, a Biden campaign source told The Wall Street Journal that Biden had a cold going into the event. The Biden blame gamePost-debate, Biden critics and supporters alike have been speculating whether his age might kill the Democratic ticket's chances of winning in 2024. A House Democratic aide told Reuters that 25 Democrats are preparing to call Biden to quit the race. AdvertisementRepresentatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Joe Biden, Donald Trump, Biden, Trump, prepped Biden, Anita Dunn, Bob Bauer, Ron Klain, Karine Jean, Pierre, John Morgon, Dunn, Bauer, Morgan, Whitney Tilson, Tilson, Lloyd Doggett, Kamala Harris, Gavin Newsom, Gretchen Whitmer, Sen, Amy Klobuchar, Biden didn't Organizations: Service, Business, Biden, Wall Street Journal, Politico, CNN, Democratic, White, Trump, Democratic Party's, Reuters, Texas Rep, Gov, Business Insider Locations: North Carolina, California, Michigan, Minnesota

☆ Biden tries to calm Democrats as 2024 drop-out pressure mounts: 'I'm not leaving'
▼ + stars: | 2024-07-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

U.S. President Joe Biden delivers remarks on the Middle East in the State Dining room at the White House in Washington, U.S., May 31, 2024. For likely voters, Trump led Biden by a slightly smaller 6-point margin, though that was 3 points higher than before the debate. The New York Times poll surveyed 1,532 registered voters across the country from June 28 to July 2. While Biden's campaign continues its blitz, pressure mounts for the president to consider bowing out of the 2024 race. In response, the White House and the Biden campaign have rolled out a slate of events for the coming week to reassure the public.

Persons: Joe Biden, Biden, Donald Trump, Kamala Harris, Nancy Pelosi, Chuck Schumer, Jim Clyburn, Hakeem Jeffries, Sen, Chris Coons, Earl Ingram, Andrea, Sanders, Karine Jean, Pierre, Trump, Pelosi, Clyburn, Lloyd Doggett, Jared Golden, Jean Organizations: White, White House, Democratic, NBC, Capitol Hill, Civic Media Network, WURD Radio, NBC News, Trump, New York Times, Siena, Biden, CNN, ABC, Democrat, ABC News, NATO Locations: Washington , U.S, D, U.S, Texas, Wisconsin, Pennsylvania

☆ Democrats have struggled to transfer power to younger generations. After Biden's debate, that's likely to change.
▼ + stars: | 2024-06-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter President Joe Biden's middling debate performance Thursday night, many Democrats began to panic. AdvertisementGenerational changeFor 20 years, Nancy Pelosi led House Democrats as part of a leadership team that included veteran lawmakers Steny Hoyer and Jim Clyburn. His debate performance against former President Donald Trump exposed this resistance to generational change. Many Democrats celebrated the arrival of this younger guard, especially since the party had often lagged behind Republicans in building a farm team of future leaders.

Persons: —, Joe Biden's, Biden, Nancy Pelosi, Steny Hoyer, Jim Clyburn, Hakeem Jeffries, Donald Trump, Jeffries, Katherine Clark, Pete Aguilar, Kamala Harris, Harris, Xers, Gen Organizations: Service, Business, Democratic, Democrats, House Democratic, House Democratic Caucus, White Locations: New York

President Joe Biden delivers remarks during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump. CNBC began hearing from worried Democratic campaign donors and fundraisers less than 20 minutes into the 90-minute debate hosted by CNN. "Game over," said a longtime Democratic campaign advisor, who has been raising money for congressional leaders for over a decade and helped raise money for Biden's 2020 White House bid. Biden's campaign co-chair Mitch Landrieu told NBC News this was because the president had a cold.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Biden's, He's, doesn't, Jaime Harrison, Ronald, Reagan, George W, Bush, Barack, Obama, I've, we've, Jack Tapper, Tapper, Mitch Landrieu, Landrieu, Kamala Harris, Trump, Kate Bedingfield Organizations: CNN, CNN Studios, Democratic, Republican, CNBC, Democratic National, NBC News, Patrol, Democratic National Convention, White House Locations: Atlanta , Georgia

☆ Meet the newest generation of the Kennedy family, America's most famous political dynasty
▼ + stars: | 2024-06-17 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

Joe Kennedy III is one of the most prominent modern Kennedys in politics. Joe Kennedy III. Greg Nash-Pool/Getty ImagesJoe Kennedy III, 43, is the grandson of Robert F. Kennedy. Still, he'd go on to serve as a United States representative for Massachusetts from 2013 to 2021 and has held the position of United States Special Envoy for Northern Ireland since 2022. The pair met in a Harvard Law School class taught by Sen. Elizabeth Warren, and they now live in Newton, Massachusetts, with their two young children, CBS reported.

Persons: Joe Kennedy III, Greg Nash, Robert F, Kennedy, Ed Markey, he'd, Donald Trump's, He's, Marjory Stoneman, We're, Lauren Birchfield, Sen, Elizabeth Warren, Matthew Rauch Kennedy Organizations: Stanford University, Harvard Law School, United, Massachusetts, United States, Northern Ireland, Democratic, House Energy, Commerce, Green, NBC Boston, Marjory Stoneman Douglas High School, Harvard, Harvard Law, CBS, CNN Locations: Massachusetts, United States, Northern, Massachusetts's, Parkland , Florida, Newton , Massachusetts

☆ Democrats wanted an agreement on using artificial intelligence. It went nowhere
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +8 min

The Democratic National Committee was watching earlier this year as campaigns nationwide were experimenting with artificial intelligence. It asked campaigns to check work by AI tools, protect against biases and avoid using AI to create misleading content. It sent the proposal in March to the five Democratic campaign committees that seek to elect House, Senate, gubernatorial, state legislative and state attorneys general candidates to office, according to the draft agreement. The Democratic committee had hoped the statement would be signed by Chair Jaime Harrison and the leaders of the other organizations. Spokesmen from the Democratic Governors Association and Democratic Legislative Campaign Committee declined to comment.

Persons: Joe Biden, Hannah Muldavin, Muldavin, Jaime Harrison, Sam Altman, Eric Schmidt, Altman, Biden, Dustin Moskovitz, Reid Hoffman, – Organizations: White, Democratic National Committee, The Associated Press, Democratic, DNC, Republican National Committee, Google, Federal, Commission, Facebook, LinkedIn, Democratic Congressional Campaign, General, Associated Press, Democratic Governors Association, Democratic Legislative Locations: Washington , DC

☆ Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewUS President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China. Biden — who is the frontrunner for the Democratic Party's presidential nominee — said China's steel production was backed by state funds, which enable the commodity to be sold cheaply to the US. He wants to hike a key tariff on Chinese steel and aluminum from 7.5% to 25%. AdvertisementHowever, the US isn't a large Chinese steel importer. AdvertisementLin added that China's steel sector is geared toward meeting domestic demand and doesn't receive any export-oriented subsidies.

Persons: —, Joe Biden, Donald Trump's, Biden —, Trump, Chim Lee, Biden, Lin Jian, Lin, Janet Yellen, EIU's Lee Organizations: Service, Democratic, Business, Bloomberg, Economist Intelligence Locations: China, Beijing, Chile, Brazil

☆ James Carville says RFK Jr. will harm Trump more than Biden, but he 'worries' about Cornel West and Jill Stein
▼ + stars: | 2024-03-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

James Carville said RFK Jr.'s White House bid could be more of a drag on Trump than Biden. RFK Jr. said last week that his candidacy would be a "spoiler" for both Biden and Trump. Related storiesIn recent polling of three-way matchups between Biden, Trump, and Kennedy Jr., the former president is often slightly ahead. "Our campaign is a spoiler all right," Kennedy Jr. said during an event last week welcoming Shanahan to the ticket. Carville, who warned about cracks in the Democratic Party's electoral foundation, also expressed concern about the presidential campaigns of Cornel West and Jill Stein.

Persons: James Carville, Biden, Bobby Kennedy, Trump, MSNBC's Ari Melber, —, Robert F, Kennedy Jr, Donald Trump's, Kennedy, Ari Melber, Nicole Shanahan, Shanahan, New York Sen, Carville, Cornel West, Jill Stein, they're Organizations: RFK, Trump, Biden, Service, Democratic, MSNBC, Big, Big Tech, Big Pharma, New, Cornel Locations: New York

☆ Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. May of 2022 brought the crash of stablecoin Luna, creating a domino effect that sent crypto prices plunging, devastating other lenders. On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda's balance sheet, which showed $14.6 billion in assets.

Persons: Samuel Bankman, MacKenzie Sigalos, Sam Bankman, Fried, Damian Williams, District Judge Lewis Kaplan, they'd, FTX, Amr Alfiky, Jane Street, Goldman Sachs, stablecoin Luna, Solana, Changpeng Zhao, Binance, Zhao, Jane Rosenberg, he'd, Cromwell, John J, Ray, confidants, — CNBC's Rohan Goswami Organizations: CNBC, Metropolitan Detention, U.S, District, Prosecutors, Reuters, Jane, Alameda Research, Formula, Democratic, Voyager, Alameda, FTX, Industry, Investors, Enron, Securities and Exchange Commission, Stanford University Locations: San Francisco, he's, Brooklyn, Manhattan, U.S, New York City, South Korea, Alameda, California, Miami, Washington, Solana, FTX, New York, Palo Alto , California

☆ Long shot Democratic challenger for president credits AI with helping him block a Biden sweep in the primaries
▼ + stars: | 2024-03-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Jason Palmer, the youngest Democratic challenger for president in the 2024 election, beat out incumbent Joe Biden in American Samoa's primary election on Super Tuesday — an unexpected win he credits AI with helping him achieve. While its residents aren't able to vote in the general election, American Samoa has turned out unexpected primary results before. Despite the odds, Palmer hopes his win there will create momentum for his campaign in states like Arizona, Kansas, and Missouri. But it's also because I'm the first technology entrepreneur who's ever run for president, and I'm not 80 years old, I'm actually in the prime of my entrepreneurial life." The Biden campaign did not immediately respond to a request for comment from BI regarding whether the incumbent president plans to use AI in his reelection bid.

Persons: Jason Palmer, Joe Biden, Palmer, Biden, Michael Bloomberg's, it's, who's, I'm Organizations: Democratic, Biden, Democrat, Business Locations: Maryland, American Samoa, Arizona , Kansas, Missouri, New Hampshire

☆ This is happening: It's Trump versus Biden, and Trump has the upper hand now
▼ + stars: | 2024-03-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

The latest national polls show President Joe Biden's lead over Donald Trump slipping away. Biden's approval rating is shrinking, and Trump now leads in several polls of likely voters. AdvertisementSuper Tuesday is over — and with it any real prospect that anyone bar President Joe Biden and Donald Trump will take their party's nominations. AdvertisementFour major national polls released this week show former President Donald Trump ahead of Biden, with Trump's lead ranging from two to five points among registered voters. While the race is tight and the road to November is long, Trump appears to have the upper hand for now.

Persons: Joe Biden's, Donald Trump, Trump, —, Joe Biden, Nikki Hayley, Biden, Schoen Cooperman, YouGov, — Biden, Michael Tyler Organizations: Service, Democratic, Schoen Cooperman Research, weekend's New York Times, Siena College, Fox News, CBS, Trump, Biden, Politico Locations: weekend's, Quinnipiac

☆ Conservative activists are taking another swing at trying to recall Gavin Newsom, arguing that he's 'abandoned' California to 'advance his presidential ambitions'
▼ + stars: | 2024-02-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The organizers of the group, Rescue California, will present the recall petition papers to Newsom's office on Monday, kicking off what will be a lengthy and likely grueling drive to qualify the recall for the ballot. "Gavin Newsom has abandoned the state to advance his presidential ambitions, leaving behind a $73 billion budget deficit and a public safety, immigration and education crisis," Rescue California campaign director Anne Dunsmore told Politico. Newsom because he is out there defending democracy and fighting for the reelection of Joe Biden and Kamala Harris." Last week, the California Legislative Analyst's Office projected the state's budget shortfall for the 2024-2025 fiscal year at $73 billion.

Persons: —, Gavin Newsom, Newsom, California's COVID, should've, Larry Elder, Joe Biden's, Anne Dunsmore, Nathan Click, Joe Biden, Kamala Harris, Democracy's, he's, Biden Organizations: Service, Democratic, Rescue, Business, Politico, White, Trump Republicans, California Legislative, Office Locations: California, Rescue California, Los Angeles, San Francisco

☆ The chaotic history of how we elect presidential candidates
▼ + stars: | 2024-02-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

It is worth remembering that there are no constitutional provisions regarding presidential primaries and very few details about the election of the president itself. AdvertisementWhat were early presidential elections like? In the wake of the violence, Democrats launched a massive overhaul of their presidential primary process. According to some officials who worked on the commission, their changes had the unintended effect of popularizing state presidential primary elections. In short, party officials’ hands are initially tied, even if they want to cast the deciding votes.

Persons: Joe Biden’s, hasn’t, Here's, George Washington, framers hadn’t, John Adam, Thomas Jefferson’s, Mason, Jill Lepore, Andrew Jackson’s, enshrine, Jackson, Daniel Feller, Andrew Jackson, FDR, Theodore Roosevelt, William Howard Taft, Roosevelt, Dwight D, Eisenhower, Robert A, Taft's, Sen, John F, Richard Pildes, Lyndon B, Johnson, Martin Luther King Jr, Robert Kennedy, Hubert Humphrey, George McGovern, McGovern, superdelegates, Bernie Sanders ’, Joe Biden, Biden Organizations: Service, LBJ, Masonic Party, Democratic Party, The, Democratic, GOP, Bull Moose Party, Hampshire GOP, Republican, Kennedy’s, West Virginia, New York University School of Law, Convention, Chicago, Democrats, Republican Party, New Hampshire Democrats, Democratic National Committee, Biden Locations: U.S, Hampshire, West, Vietnam, Chicago, Iowa, South Carolina, Florida, North Carolina

☆ What happens if Biden drops out? The chaotic 1968 Democratic convention could be a clue.
▼ + stars: | 2024-02-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

If Biden drops from the presidential race, it would likely lead to a contested convention in August. AdvertisementFor years, Democratic President Joe Biden has been plagued with critiques about his old age and perceived cognitive skills. With no candidate having amassed a majority of the nation's delegates, the Democratic presidential nominee was decided at the 1968 Democratic National Convention in Chicago, where anti-war protesters angrily demonstrated outside. AdvertisementMost of the state delegates at the convention voted for Humphrey, leading him to win the Democratic Party's nomination. Unless Biden stuns the party and suddenly drops out, the current 81-year-old president is on a fast track to obtaining the Democratic presidential nomination.

Persons: Biden, Lyndon B, Johnson, Hubert Humphrey, —, Joe Biden, Robert Hur's, Martin Luther King Jr, Sen, Eugene McCarthy, Robert F, Kennedy, Humphrey, McCarthy, Dan Rather, Walter Cronkite, we've, Dan, Richard Nixon, Jaime Harrison, Donald Trump — Organizations: Service, Democratic, Convention, Republican, Democratic National Committee, DNC Locations: Vietnam, New, Memphis, Chicago

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