Biden Reelection Bid

Photo courtesy of The White House (Public Domain)

President Joe Biden formally announced yesterday he would run for reelection in 2024, ending months of speculation over his plans.

The decision sets up a potential rematch of the 2020 election between Biden and former President Donald Trump. Analysts say Biden's run will likely keep major Democratic challengers from entering the race, while a number of GOP candidates have declared thus far. Current polling shows Trump far ahead of the Republican primary field, including against Florida Gov. Ron DeSantis, who has not yet formally declared his candidacy.

Biden's bid also comes amid polls showing dampened public enthusiasm for a rematch between the two after a contentious 2020 race. Less than 50% of voters signaled they wanted either candidate to run—43% for Biden, 49% for Trump (see questions 7 and 8 here)—while almost 40% said they feel "exhausted" over the possibility. Biden and Trump will be 81 and 78 years old, respectively, by next year's election.

See who has officially declared for the 2024 race here.