Washington, Jul 21 (PTI) Embattled US President Joe Biden on Sunday announced that he will end his candidacy for re-election in 2024, saying "it is in the best interest of my party and the country".

Biden's decision follows weeks of intense pressure from fellow Democrats after his disastrous presidential debate performance against his Republican rival and former US president Donald Trump last month.

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The 81-year-old president's decision comes four months before Americans go to the polls on November 5.

In a letter posted to his social media account, Biden, currently isolating at his home in Delaware because of COVID, said it had been the greatest honour of his life to serve as president.

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"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 to focus solely on fulfilling the duties as President for the remainder of my term".

Biden said in his statement he would address the nation on the matter next week.

President Biden thanked his Vice President Kamala Harris, saying she was an "extraordinary partner". Biden, however, did not explicitly did not endorse Harris, his running mate.

“It has been the greatest honour of my life to serve as your President,” he wrote.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)