American President  Joe Biden said on Sunday, the 21st, via social media that he was withdrawing from his re-election bid.

Therefore, he had completed the remainder of his term , despite having withdrawn from running for office.

It is the first time a US president has announced he is withdrawing from a re-election race in decades, and the latest development in a highly charged political campaign that has included an assassination attempt on a candidate, Trump.

Joe Biden was facing off against congressional Democrats who were increasingly convinced that a November defeat would also impact their electoral races.

See the summary of the statement made on social media:

My fellow Americans,

In these last 3 and a half years, we have made great progress as a country .

Today, America has the strongest economy in the world. We have made history-making investments in rebuilding our homeland , reducing prescription drug costs for seniors, and expanding affordable health care to a record number of Americans. We have provided desperately needed care to one million of our veterans exposed to toxic substances. We have passed the first gun safety law in 30 years. We have appointed the first African-American woman to the Supreme Court . And we have passed the most significant climate legislation in the history of the world. America has never been in a better position to lead than in the period we are in today.

I also know that none of this could have been done without the help of you, the American people. All of us, together, overcame a devastating, once-in-a-century pandemic and the worst economic crisis since the Great Depression. We managed to protect and preserve our democracy. And we grow and strengthen our alliances around the world.

It has been the greatest honor of my life to serve as President of this Nation. And while it has been my intention to seek re-election, I believe it is in the best interests of my party and my country that I resign and focus solely on fulfilling my duties as President for the remainder of my remaining term .

I will speak to the country this week with more emphasis on my decision.

For now, I will express my deepest gratitude to all those who worked together to see me re-elected. I want to thank my Vice President Kamala Harris for being an extraordinary partner in all of this worthy work. And let me express my sincere appreciation to my American people for the faith and trust you have placed in me.

I believe today what I have always believed: that there is nothing America cannot do when we all do it together. We just have to remember that we are the United States of America.