US President Joe Biden ended his reelection campaign on Sunday after fellow Democrats lost faith in his mental acuity and ability to beat Donald Trump, leaving the presidential race in uncharted territory.

“It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus on fulfilling my duties as President for the remainder of my term,” he said in a statement. 

Here are the big UPDATES in this developing story:  

President Biden announces withdrawal from 2024 race, citing party and country interests. Endorses Vice President Kamala Harris as nominee. Harris poised to make history as first non-white female and Indian-American candidate. Democratic Party begins process to nominate replacement with Harris as frontrunner.

Sitharaman’s Budget balances spending, tax cuts, and fiscal path. Rs 2 lakh crore dividend aids solar scheme; funds needed for PM Modi’s housing subsidy, Aayushman Bharat expansion. Modi 3.0 seeks job creation, private sector investment. BJP allies demand focus on women, farmers. Addresses leaks. 2047 target set, sector hand-holding stressed.