Delaware Sen. Chris Coons, a close ally of President Joe Biden, said he expects the president to run for reelection in 2024.

"Yes, he is, and I'll tell you, Bret, it is my understanding," says Coons. "Let me be clear. I'm not speaking on his behalf or announcing a candidacy. I'm just saying that, as of now, it's my understanding that the president intends to seek a second term."

As of right now, there is no formal word from the president.