Biden on running in 2020: 'I may very well do it'
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Former Vice President Joe BidenJoe BidenBiden campaign cancels fundraiser with Mueller prosecutor Twitter joins Democrats to boost mail-in voting — here's why The Hill's Morning Report - Presented by Facebook - George Floyd's death sparks protests, National Guard activation MORE on Wednesday suggested a possible 2020 bid for the presidency, saying he "may very well do it."

"If I were offered the nomination by the Lord Almighty right now, today, I would say no because we're not ready, the family's not ready to do this. If in a year from now, if we're ready and no one has moved in that I think can do it, then I may very well do it," Biden said on ABC's "The View."

Speculation has swirled around a possible Biden challenge to President TrumpDonald John TrumpMinneapolis erupts for third night, as protests spread, Trump vows retaliation Stocks open mixed ahead of Trump briefing on China The island that can save America MORE for months. The former vice president's latest comments mark the first time he has put a possible timeline on his consideration for running. In previous interviews, Biden has been careful not to say definitively whether he would run, but has not ruled it out. 

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Biden has reportedly said in private that he sees himself as the only Democrat who could defeat Trump in 2020. Presidential candidates typically announce their campaign one to two years before the next general election. 

Biden was Delaware's longest-serving U.S. senator before entering the White House in 2009 under President Obama, who has enjoyed a surge in popularity after leaving office.