US President, Joe Biden says he plans to run in the 2024 election as the Democratic candidate.
Mr Biden, however, told the NBC that he was not yet ready to make an official announcement.
“I plan on running … but we’re not prepared to announce it yet,” the President said in an interview with the organisation’s Today show, before the White House Easter Egg Roll.
The 80-year-old leader and his Vice-President, Kamala Harris, have said they will run together.
Senior White House advisers are set to make final decisions on launching Mr Biden’s re-election campaign, NBC News reported on Monday, citing several unidentified sources.
“The decision part is over, but he resents the pressure to have to announce what he’s already decided,” one source familiar with the matter told NBC.
A recent Reuters report says if Mr Biden’s bid is successful, he would extend his record as the oldest US president in history after being elected at the age of 78.
There was speculation the President would announce his intention to run as early as March following his State of the Union speech in February, which largely focused on domestic matters.
Self-help author, Marianne Williamson is the first Democrat to formally announce she will challenge Mr Biden for the 2024 nomination after a failed attempt in 2020.
Meanwhile, former president Donald Trump has vowed to press on with his 2024 election bid despite facing 34 felony fraud charges over alleged hush money payments during the 2016 election campaign.
He has pleaded not guilty to all charges.
Former South Carolina governor, Nikki Haley, is the first Republican to announce she will challenge Mr Trump for the nomination, according to ABC.
Florida Governor, Ron DeSantis is widely expected to enter the race for the Republicans, but is yet to make an announcement.
Writing by Tony Okerafor