Biden hints at 2024 presidential run but no official announcement yet.

President Joe Biden told Al Roker on Monday that he plans to run for a second term, but his campaign has not yet been officially announced. Despite lackluster approval ratings, Democratic power brokers have indicated that they are all in for Biden’s re-election bid. The decision-making process for launching his re-election campaign includes that no major Democratic challenger has emerged, former President Donald Trump is running for the GOP nomination, and there's a major clash coming with congressional Republicans over spending. Biden is the oldest U.S. president in history, and if he wins re-election, he would be 86 at the end of his second term.