Biden Has No Plans To Drop Out Of Presidential Race

CNN's Kayla Tausche reporting on X that President Biden does not plan to drop out of the presidential race and, "remains committed to a second debate in September," per a White House adviser.

• The report comes amid intense calls from across the Democratic establishment and liberal media for Biden to withdraw from the race due to concerns that his performance at the first presidential debate may have irreversibly shifted the dial towards former President Donald Trump. Considering the extent of Biden's cognitive struggles at the debate, it is difficult to see any pathway to winning re-election, if he remains in place.
• The White House response is not unexpected, and does not preclude the now strong possibility that Biden could still reverse tack and withdraw his candidacy before the Democratic Party Convention on August 19-22.
• Prediction markets currently still see Biden's withdrawal as less likely than his staying in place. However, this may change over the coming week as a major recalibration of the polling environment is expected to come.
• White House Press Secretary Karine Jean-Pierre is due to brief the press at around 13:40 ET 18:40 BST. It will be the first opportunity for scrutiny of White House strategy.