US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, saying that “it was in the best interest of my party and the country for me to stand down”, Paralel.Az reports citing Financial Times.

The president announced his decision in a letter published to social media on Sunday, throwing this year’s White House race into turmoil with less than four months to go until voters in the world’s biggest economy elect their new leader on November 5.