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After a much-criticized and inconclusive first debate with Republican presidential nominee Donald Trump, and subsequent calls from outstanding Democrats to desert his bid for a second time period, US President Joe Biden introduced Sunday that he will no longer be running for reelection within the 2024 presidential election.
“Whereas it has been my intention to hunt reelection, I imagine it’s in the perfect curiosity of my celebration and the nation for me to face down and to give attention to fulfilling my duties as president for the rest of my time period,” Biden stated in an announcement. “I’ll converse to the nation later this week in additional element about my resolution.”
Though he will not be looking for reelection, Biden will doubtless use the months he has left in workplace by means of the election on Nov. 5 and earlier than the inauguration of the next president on Jan. 20, 2025, to push by means of any tech- and finance-related insurance policies remaining on his agenda.
Throughout his final months as president, Biden is more likely to proceed his efforts to cancel student debt, however aid will probably be held up by the courts. Different govt efforts have been equally challenged by judges. Biden has additionally been targeted on bringing an end to junk fees within the travel, entertainment and banking industries throughout his presidency.
One among Biden’s main tech efforts over the previous a number of years has been to ban TikTok in the US. After signing the ban in April 2024, it is unlikely he’ll backtrack on the coverage.
Past Biden’s direct efforts, since his inauguration in January 2021 his administration oversaw huge quantities of congressionally permitted funding movement out to US companies, native and state governments and residents to get well from the pandemic and to develop US infrastructure. The $1.9 trillion American Rescue Plan Act of 2021 and the $5.5 billion Infrastructure Funding and Jobs Act of 2022 despatched a reimbursement to Individuals, together with a combined $90 billion for improving broadband internet nationwide.
Throughout his tenure, regulatory arms of the federal government continued advocating for customers’ tech wants. The Federal Communications Fee restored net neutrality as a coverage, quadrupled the broadband speed baseline that web service suppliers should supply to clients and began requiring broadband “nutrition labels” to make web plans simpler to grasp. The Federal Commerce Fee cracked down on robocalls and led a 17-state lawsuit against Amazon alleging an anti-competitive monopoly.
The CEOs of social media giants Twitter, Facebook and Google were also questioned in congressional hearings in the course of the Biden administration about misinformation in regards to the COVID pandemic and in regards to the 2020 presidential election. A crackdown on the safety of children in the age of social media was additionally an emphasis throughout Biden’s presidency.
Vice President Kamala Harris talking on July 13 throughout a marketing campaign occasion.
Who may exchange Joe Biden because the Democratic presidential nominee?
After saying he wouldn’t run for reelection, Biden additionally endorsed Vice President Kamala Harris, however another potential candidates embrace front-runners who competed in opposition to Biden and Harris within the primaries previous the 2020 election.
Senators Bernie Sanders and Elizabeth Warren haven’t indicated whether or not they would run, however each have been outstanding Democrats aiming for the nomination 4 years in the past, in addition to Pete Buttigieg, now secretary of transportation within the Biden administration. In her marketing campaign over the last election cycle, Warren referred to as for the breakup of Big Tech companies, with Sanders making comparable statements about monopolistic tech companies.
However in 2024, different outstanding Democrats embrace California Governor Gavin Newsom, who has pushed statewide insurance policies like gun management, publicly criticized right-wing governors of different states and launched a fundraising political action committee to counter GOP governors and leaders, in line with The Hill. Kentucky Governor Andy Beshear is one other rising star within the celebration, although he could also be extra in consideration for a vice presidential choose, in line with Lexington information station WKYT.
Extra on how issues will form up for the subsequent Democratic presidential candidate, in addition to the celebration’s platform, can be revealed within the runup to the Democratic Nationwide Conference in Chicago, from Aug. 19 to Aug. 22. That’s when Biden’s alternative on the Democratic ticket is predicted to be formally chosen.
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