Five Things You Need to Know to Start Your Day: Asia
US President Joe Biden during a medal of honor ceremony in the East Room of the White House in Washington, DC, US, on Wednesday, July 3, 2024.
Photographer: Tierney L. Cross/BloombergGood morning. Democratic lawmakers consider asking Joe Biden to pull out of the US presidential election. Volodymyr Zelenskiy challenges Donald Trump to explain his plan for ending the war with Russia. Sri Lanka agreed terms for a $12 billion bond restructuring. Here’s what’s moving markets — Sebastian Boyd
Dozens of Democratic lawmakers are considering signing a letter demanding that Joe Biden drop his bid for reelection, a senior party official said, as panic mounts that incumbent US President might cost his allies control of Congress. Biden is rapidly losing the support of Democratic lawmakers and candidates concerned the 81-year-old’s continued candidacy would lead to a Republican sweep of Washington and an unchecked Donald Trump presidency. The White House earlier Wednesday denied a New York Times report that the president is considering bowing out of the contest just four months before the election.