What happens next after President Biden drops out of 2024 presidential race

The decision from President Joe Biden to drop his 2024 reelection bid comes at a difficult time for the Democratic party, and leaves an open question about who will replace him less than four months before the election.
For weeks, many Democrats had been pushing Biden to exit the race. But as the pressure mounted, so did questions about how the Democratic party would move forward without the de facto nominee.
Will Harris replace Biden?
Before Biden announced he would drop out, many had already been pointing to Vice President Kamala Harris as the obvious successor if he were to drop out, and Biden seems to agree.
In a statement on X, formerly Twitter, Biden endorsed Harris to replace him on the ticket.
Because their campaign account was registered with the Federal Election Commission in the name of both candidates, Harris could use those funds for her own presidential effort, Kenneth Gross, senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission said before Biden's announcement.
"My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats - it’s time to come together and beat Trump. Let’s do this," Biden wrote.
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