July 7, 2024

Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention.

Rosa Brooks, a Georgetown University law professor who previously served in both the Obama and Clinton administrations, and Ted Dintersmith, a high-dollar Democratic donor, co-authored the proposal, a copy of which was obtained by CNBC. Semafor was first to report the memo.

The proposal comes as pressure builds on Biden to exit the race following his stumbling debate on June 27 against former President Donald Trump. The president's debate performance triggered alarm bells for Democratic strategists, lawmakers, donors and voters, escalating lingering concerns about Biden's age and ability to beat Trump.

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