BRIEF: EC Approves Italy's 5th NGEU Payment Request For EUR11 billion

MNI BRIEF: ECB's Eye On French Markets, Price Stability Key

MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 2.60% Aug-34 Bund Due Wednesday

Ita-coin Nowcast Negative For Second Month

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

First Sitting Democrat Lawmaker Calls On Biden To Withdraw

US
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

Rep. Lloyd Doggett (D-TX) has become the first sitting Democratic Party lawmaker to openly call for President Biden to withdraw from the presidential race, following his weak debate performance.

  • Doggett said in a statement: "I had hoped that the debate would provide some momentum to [improve Biden's underperformance]. It did not. Instead of reassuring voters, the President failed to effectively defend his many accomplishments and expose Trump's many lies.
  • "Too much is at stake to risk a Trump victory - too great a risk to assume that what could not be turned around in a year, what was not turned around in the debate, can be turned around now.
  • "I represent the heart of a congressional district once represented by Lyndon Johnson. Under very different circumstances, he made the painful decision to withdraw. President Biden should do the same....I am hopeful that he will make the painful and difficult decision to withdraw. I respectfully call on him to do so.”
  • Doggett's statement comes shortly after an MSNBC interview by former House Speaker Nancy Pelosi (D-CA) in which she appeared to hint that Biden should withdraw. Until now, calls for Biden's withdrawal have remained confined to the media and former officials. Doggett's statement could precipitate a wave of similar calls, which would be far more difficult for the White House to ignore.
  • We noteda short time ago that Biden is set to meet with Democratic Party governors tomorrow, who likely have the most weight to influence Biden's decision.
245 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Rep. Lloyd Doggett (D-TX) has become the first sitting Democratic Party lawmaker to openly call for President Biden to withdraw from the presidential race, following his weak debate performance.

  • Doggett said in a statement: "I had hoped that the debate would provide some momentum to [improve Biden's underperformance]. It did not. Instead of reassuring voters, the President failed to effectively defend his many accomplishments and expose Trump's many lies.
  • "Too much is at stake to risk a Trump victory - too great a risk to assume that what could not be turned around in a year, what was not turned around in the debate, can be turned around now.
  • "I represent the heart of a congressional district once represented by Lyndon Johnson. Under very different circumstances, he made the painful decision to withdraw. President Biden should do the same....I am hopeful that he will make the painful and difficult decision to withdraw. I respectfully call on him to do so.”
  • Doggett's statement comes shortly after an MSNBC interview by former House Speaker Nancy Pelosi (D-CA) in which she appeared to hint that Biden should withdraw. Until now, calls for Biden's withdrawal have remained confined to the media and former officials. Doggett's statement could precipitate a wave of similar calls, which would be far more difficult for the White House to ignore.
  • We noteda short time ago that Biden is set to meet with Democratic Party governors tomorrow, who likely have the most weight to influence Biden's decision.