President Joe Biden will delivered a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump, and laid out his plan for the remaining months of his term.

It was the first time Biden has addressed the nation since exiting the race and endorsing Vice President Kamala Harris to replace him.

The president returned to Washington on Tuesday after quarantining at his Delaware beach house with Covid-19.

More news on the 2024 election

• Kamala Harris' tech allies on track to raise over $100 million as they work to win over Silicon Valley skeptics
• Fox News invites Harris and Trump to debate in September
• Recap: Harris neck and neck with Trump in polls, as Wisconsin rally draws 3,000 supporters

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Also on CNBC

• 'Defense of democracy' drove Biden's exit, he will say in Oval Office address
• Harris' Wall Street allies discuss path to victory for vice president
• Harris' tech allies on track to raise over $100 million in bid to win over skeptics

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