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WASHINGTON US President Joe Biden said on Tuesday he will seek a second White House term in 2024.

It is a decision that will test whether Americans are ready to give the 80-year-old Democrat, already the oldest US president ever, another four years in office.

Mr Biden made his announcement in a slickly produced video released by his new campaign team, in which he declares it is his job to defend American democracy.

It opens with imagery from the Jan 6, 2021, attack on the US Capitol by supporters of former president Donald Trump. Remote video URL When I ran for president four years ago, I said were in a battle for the soul of America, and we still are, Mr Biden said. This is not a time to be complacent. Thats why Im running for re-election.

Lets finish this job. I know we can.

Mr Biden described Republican platforms as threats to American freedom, vowing to fight efforts to limit womens healthcare, cut Social Security and ban books, while blasting Maga extremists.

Maga is the acronym for the Make America Great Again political slogan of Trump, who may well be Mr Bidens Republican opponent in the November 2024 election.

The Republican Party reacted to Mr Bidens announcement by calling him out of touch.

Biden is so out of touch that after creating crisis after crisis, he thinks he deserves another four years, the Republican National Committee said in a statement.

If voters let Biden finish the job, inflation will continue to skyrocket, crime rates will rise, more fentanyl will cross our open borders, children will continue to be left behind, and American families will be worse off.

In the two years since he took over from Trump, Mr Biden won Congress approval for billions of dollars in federal funds to tackle the Covid-19 pandemic and for new infrastructure.

He also oversaw the lowest levels of unemployment since 1969, although a 40-year high in inflation has marred his economic record.

Mr Bidens age makes his re-election bid a historic and risky gamble for the Democratic Party, which faces a tough election map to hold the Senate in 2024 and is the minority in the House of Representatives now.

Mr Bidens approval ratings were stuck at just 39 per cent in a Reuters/Ipsos poll released on April 19.

There are steep concerns about his age among some Americans.

Mr Biden would be 86 by the end of a prospective second term, almost a decade higher than the average US males life expectancy. More On This Topic As Biden turns 80, Americans ask 'What's too old?' How old is too old and when do you call it quits from work? Doctors declared Mr Biden, who does not drink alcohol and exercises five times a week, fit for duty after an examination in February. The White House says his record shows that he is mentally sharp enough for the rigors of the job.

Mr Biden will be joined in his 2024 quest by his running mate, Vice-President Kamala Harris. Trump matchup again?

Mr Bidens entry into the race follows Trumps announcement in November that he would seek a second term after losing the 2020 contest to Mr Biden.

Mr Biden, running as an incumbent, is unlikely to face much competition from inside his party.

No senior Democrats have shown signs of challenging him and he has compiled a board of rising-star Democrats to advise his campaign, including governors J.B. Pritzker of Illinois and Josh Shapiro of Pennsylvania.

Potential and declared Republican presidential candidates have begun framing the 2024 election around cutting back government spending amid still-high inflation, restricting abortion, crime in Democratic-run cities and illegal immigration.

The two leading Republican contenders are Trump and Florida Governor Ron DeSantis.

They want to limit the access of trans children to sports teams and gender-affirming medical care, and restrict how schools teach LGBTQ+ issues and Americas history of slavery and racial disparities. More On This Topic Biden plans an election bid that will be more complicated the 2nd time around Trump kicks off campaign in New Hampshire, South Carolina Not a 2020 recap

Mr Biden ran a mostly virtual campaign to defeat Trump in the 2020 election as Covid-19 raged, saying he sought to unify the country, rebuild the economy, and better control the virus.

With pandemic restrictions mostly over in the US, the 2024 race is likely to be a much different, more physical affair.

After losing by 7 million votes to Mr Biden in 2020, Trump refused to concede defeat, falsely claiming there had been widespread electoral fraud.

His supporters stormed the US Capitol building in Washington on Jan 6, 2021, in support of his claims.

However, they failed to halt certification by Congress of Mr Bidens win.

Mr Bidens campaign video suggests he plans to remind voters of these actions, while lauding his handling of the economic recovery from the pandemic slump, especially the strength of the labour market.

Other Biden themes may include strong US support for Ukraine in its war against Russia and what the White House says are Republican plans to unravel federal healthcare and programmes popular with older voters.

This summer, Mr Biden is challenging Republicans to find common ground on raising the US debt ceiling before the country goes into default in a matter of months.

Fifty-nine per cent of Democrats polled by Reuters/Ipsos in February said the phrase Joe Biden is too old to work in government describes the president. REUTERS More On This Topic Biden has picked 2020 deputy campaign manager to manage 2024 presidential election run: Source Biden plots a 2024 presidential run – and a Trump rematch

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Post Office scandal: Victims say government’s control of redress schemes should be taken away

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Post Office scandal: Victims say government's control of redress schemes should be taken away

Post Office scandal victims are calling for redress schemes to be taken away from the government completely, ahead of the public inquiry publishing its first findings.

Phase 1, which is due back on Tuesday, will report on the human impact of what happened as well as compensation schemes.

“Take (them) off the government completely,” says Jo Hamilton OBE, a high-profile campaigner and former sub-postmistress, who was convicted of stealing from her branch in 2008.

“It’s like the fox in charge of the hen house,” she adds, “because they were the only shareholders of Post Office“.

“So they’re in it up to their necks… So why should they be in charge of giving us financial redress?”

Jo Hamilton OBE, a high-profile campaigner and former sub-postmistress
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Nearly a third of Ms Hamilton’s life has been dominated by the scandal

Jo and others are hoping Sir Wyn Williams, chairman of the public statutory inquiry, will make recommendations for an independent body to take control of redress schemes.

The inquiry has been examining the Post Office scandal which saw more than 700 people wrongfully convicted between 1999 and 2015.

More on Post Office Scandal

Sub-postmasters were forced to pay back false accounting shortfalls because of the faulty IT system, Horizon.

At the moment, the Department for Business and Trade administers most of the redress schemes including the Horizon Conviction Redress Scheme and the Group Litigation Order (GLO) Scheme.

The Post Office is still responsible for the Horizon Shortfall scheme.

Lee Castleton OBE, a victim of the Post Office Horizon scandal
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Lee Castleton OBE

Lee Castleton OBE, another victim of the scandal, was bankrupted in 2007 when he lost his case in the civil courts representing himself against the Post Office.

The civil judgment against him, however, still stands.

“It’s the oddest thing in the world to be an OBE, fighting for justice, while still having the original case standing against me,” he tells Sky News.

While he has received an interim payment he has not applied to a redress scheme.

“The GLO scheme – that’s there on the table for me to do,” he says, “but I know that they would use my original case, still standing against me, in any form of redress.

“So they would still tell me repeatedly that the court found me to be liable and therefore they only acted on the court’s outcome.”

He agrees with other victims who want the inquiry this week to recommend “taking the bad piece out” of redress schemes.

“The bad piece is the company – Post Office Limited,” he continues, “and the government – they need to be outside.

“When somebody goes to court, even if it’s a case against the Department for Business and Trade (DBT), when they go to court DBT do not decide what the outcome is.

“A judge decides, a third party decides, a right-minded individual a fair individual, that’s what needs to happen.”

Pic: AP
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Pic: AP

Mr Castleton is also taking legal action against the Post Office and Fujitsu – the first individual victim to sue the organisations for compensation and “vindication” in court.

“I want to hear why it happened, to hear what I believe to be the truth, to hear what they believe to be the truth and let the judge decide.”

Neil Hudgell, a lawyer for victims, said he expects the first inquiry report this week may be “really rather damning” of the redress claim process describing “inconsistencies”, “bureaucracy” and “delays”.

“The over-lawyeringness of it,” he adds, “the minute analysis, micro-analysis of detail, the inability to give people fully the benefit of doubt.

“All those things I think are going to be part and parcel of what Sir Wynn says about compensation.

“And we would hope, not going to say expect because history’s not great, we would hope it’s a springboard to an acceleration, a meaningful acceleration of that process.”

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June: Post Office knew about faulty IT system

A Department for Business and Trade spokesperson said they were “grateful” for the inquiry’s work describing “the immeasurable suffering” victims endured.

Their statement continued: “This government has quadrupled the total amount paid to affected postmasters to provide them with full and fair redress, with more than £1bn having now been paid to thousands of claimants.

“We will also continue to work with the Post Office, who have already written to over 24,000 postmasters, to ensure that everyone who may be eligible for redress is given the opportunity to apply for it.”

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MP recalls childhood abuse as he calls for law change to make domestic abuse a specific criminal offence

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MP recalls childhood abuse as he calls for law change to make domestic abuse a specific criminal offence

An MP who decided until recently to “never speak” about the abuse he suffered as a child has shared his harrowing story so that “no kid has to go through” what he did.

Josh Babarinde describes being physically abused by his mother’s former partner from the age of four, and remembers crying himself to sleep under the covers “hearing shouts, hearing screams and things smash”.

He says he became hypervigilant growing up and felt safe at school but “like he was treading on eggshells” in his own home.

The Eastbourne MP, who is also the Liberal Democrats’ justice spokesperson, says his experience has driven his politics. He is calling on the government to stop abusers “slipping through the net” and being released from prison early.

Opening up about his story in his twenties was “difficult” but looking back, Mr Babarinde says, he is “so proud of the resilience of that kid”.

The MP recently found his childhood diary containing Star Wars drawings alongside an entry he wrote from the bathroom. The diary, he recalls, wrote: “I’m really going to try to go (to the toilet) but I can’t. Oh my goodness, I’m gonna be in so much trouble, I’m going to get smacked so hard.”

Then an entry five minutes later: “I still haven’t done anything, I’m going to be in so much trouble.”

More from Politics

He says reading the entry reminded him of how “helpless” he felt.

“It was mortifying,” he says. “An abuser takes away your sense of self-worth.”

Josh Babarinde speaking to Sky's Ali Fortescue.
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Mr Babarinde says he wants the government to ‘properly recognise domestic abuse crimes in the law’

The 32-year-old is calling on the government to change the law to make domestic abuse a specific criminal offence. The change would mean, he argues, abusers can no longer effectively disguise their history under other offences like assault.

He says the Ministry of Justice’s early release scheme, which has seen thousands of prisoners released early to ease overcrowding, has failed to exclude domestic abusers despite government promises because there is no formal categorisation for offenders.

It is impossible, he argues, to know exactly how many domestic abusers are in prison currently so perpetrators are “slipping through the net” on early release.

Read more from Sky News:
Remembering the bravery of 7/7 victims and responders 20 years on
Met Police chief calls for ‘mega’ forces in push for shake-up

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January: Rising violence against women and girls

Mr Babarinde says the uncertainty means victims and survivors are not able to prepare for their abuser’s release.

He said: “They might need to move house or move their kids to a new school, shop in different places. All of these kind of things are so important, and so that’s why that commitment the government made was so important.”

A spokesperson for the Ministry of Justice said: “Our thoughts are with all victims of domestic abuse – it takes immense courage to speak out.

“We are building a justice system that puts victims first – strengthening support, increasing transparency, and giving people the confidence to come forward and be heard.”

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CNBC Daily Open: Most people don’t start a political party after separation

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CNBC Daily Open: Most people don't start a political party after separation

US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.

Francis Chung | Bloomberg | Getty Images

When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.

What does the world’s richest man do? He starts a political party.

Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”

Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.

It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.

To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.

Folks, here’s direct democracy — and the powerful post-separation motivation — in action.

 — CNBC’s Erin Doherty contributed to this report.

What you need to know today

Trump confirms tariffs will kick in Aug. 1. That postpones the deadline by a month, but tariffs could “boomerang” back to April levels for countries without deals. Trump on Friday said letters with “take it or leave it” offers will go out to 12 countries Monday.

U.S. stock futures slipped Sunday. Despite the White House pushing back the return of “reciprocal” tariffs, some investors could be worried trade negotiations would result in higher-than-expected duties. Europe’s Stoxx 600 index dropped 0.48% Friday.

OPEC+ members to increase oil output. Eight members of the alliance agreed on Saturday to hike their collective crude production by 548,000 barrels per day, around 100,000 more than expected.

Elon Musk forms a new political party. On Saturday, the world’s richest man said he has formed a new U.S. political party named the “American Party,” which he claims will give Americans “back your freedom.”

[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.

And finally…

Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.

Pascal Rondeau | Hulton Archive | Getty Images

The CEO mindset is shifting. It’s no longer all about winning

https://www.cnbc.com/2025/07/06/the-ceo-mindset-is-shifting-its-no-longer-all-about-winning.html

CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.

In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure. 

— Spriha Srivastava

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