Washington | New York | Los Angeles | Kamala Harris has secured the backing of some of the Democrats’ biggest donors, strengthening the vice-president’s position as the favourite to win the party’s nomination within hours of Joe Biden saying he would not contest the 2024 US election.

Mr Biden’s decision came after several party leaders and donors made it clear that they would rally behind Ms Harris, said three people who had spoken with Senate majority leader Chuck Schumer, House minority leader Hakeem Jeffries and former House speaker Nancy Pelosi.

Financial Times