Former Ambassador to China Jon Huntsman is inching toward finally entering the race for the Republican nomination, he said in interviews over the weekend.

The former two-term governor of Utah told CNN Sunday that he's "about a week and a half out" from shedding the "potential" label, and formally becoming a Republican candidate for president.

"We're moving in that direction," he told Bloomberg Television on Sunday when asked if he's running. "We've got all the boxes checked — the organizing box, the fundraising box, you've got the boots on the ground box, and you've got the family box that is the last one. We'll probably have one more sit-down meeting this week, and then I think we'll be ready to check that box."

Huntsman's been able to get his campaign on track at a rapid pace, and will focus on the primaries in New Hampshire, South Carolina and Florida. His name is mentioned among the top tier of candidates for the nomination, though he didn't register above 1 percent on Monday in a Gallup poll measuring Republicans' preference in a nominee.

His advisers have been relatively button-lipped when it comes to the details of Huntsman's impending announcement, and the former ambassador won't be onstage at tonight's first major debate in the Granite State.

And despite having worked for President Obama, Huntsman said he thinks the president is beatable, primarily due to the economy.

"Absolutely," he said when asked if Obama could be beaten. "With today's economic backdrop and the difficulty that we're finding in getting any traction at all in getting growth or taming our high unemployment."