Klain: Biden will announce re-election bid after the holidays

White House Chief of Staff Ron Klain said he expects that President Joe Biden will announce he’s running for re-election after the US Christmas and New Year’s holidays.

“The president will make that decision. I expect it shortly after the holiday,” said Klain on Monday at the Wall Street Journal’s CEO Council summit. “I expect the decision will be to do it.”

Biden is coming off midterm elections in which his Democratic Party fared far better than expected and has said he intends to run again. But he’s said an formal decision will come early next year.