President Joe Biden confused Palestinian militant group Hamas with Hezbollah while announcing a ceasefire to the Israel-Hamas war on Wednesday.

President Biden had just one word to say on whether he's concerned about Hamas regrouping after a ceasefire deal was finalized on Sunday.

Biden defended his support for Israel and said the hostage release and ceasefire were due to 'pressure Israel built on Hamas' with U.S. support.

U.S., Arab and Israeli officials all tell CBS News that Israel and Hamas have agreed in principle to a ceasefire and hostage-release deal with final details being hammered out by negotiators in Qatar. CBS News foreign correspondent Ramy Inocencio has details on the potential agreement.

In another gaffe, Joe Biden mistakenly refers to Hamas as Hezbollah while announcing Israel-Hamas ceasefire deal brokered by the US, Egypt, and Qatar.

President Joe Biden said goodbye Wednesday night, telling the American people that serving as president has been “the highest honor of my life” but warning that dangers on the horizon pose a serious threat to democracy.

Biden conveyed his deep appreciation for first lady Jill Biden, who joined him in the Oval Office. “My deepest appreciation to our amazing first lady with me in the Oval today, for our entire family, you’re the love of my life and the lives of my love,” he said. “My eternal thanks to you, the American people.”

Hamas commander Rafa Salama and around a 100 Palestinian civilians were killed by an MK-84 bomb in Rafah's Al-Mawasi on July 13, 2024

President Joe Biden also issued preemptive pardons on Monday ... the ceasefire will lead to a lasting peace between Israel and Hamas as well as the role Trump and Biden played in negotiations.

Historians say it will take years to fully assess Joe Biden's legacy, but several spoke to ABC News to offer a glimpse of their view on his presidency.