Following President Joe Biden’s shaky debate performance last Thursday, stock market watchers and political analysts are speculating on potential replacements should he step aside. Key names include Vice President Kamala Harris and Commerce Secretary Gina Raimondo, both favoured by business leaders and political circles.

Harris, already a central figure in the administration, has built strong connections with corporate leaders through regular meetings and outreach. Raimondo praised for her role in implementing economic programs like the CHIPs Act, is also a strong contender, though she faces criticism from some Democrats for her business-friendly stance.

Vice President Kamala Harris speaks at an event at the US Chamber of Commerce in Washington with Kenyan President William Ruto and US Ambassador to Kenya Meg Whitman on May 24 BRENDAN SMIALOWSKIAFP via Getty Images BRENDAN SMIALOWSKI via Getty Images

Other potential candidates include California Governor Gavin Newsom, Michigan Governor Gretchen Whitmer, and Pennsylvania Governor Josh Shapiro. Despite this speculation, Biden has consistently pledged to continue his campaign, with strong support from his political allies and family.

Commerce Secretary Gina Raimondo speaks at an Artificial Intelligence AI Safety Summit in England last November TOBY MELVILLEPOOLAFP via Getty Images TOBY MELVILLE via Getty Images
California Gov Gavin Newsom D CA after speaking to reporters following the CNN presidential debate between Joe Biden and Donald Trump in Atlanta Andrew HarnikGetty Images Andrew Harnik via Getty Images

The debate has intensified discussions about the future leadership of the Democratic Party as the 2024 election approaches.