Joe Biden opts out of presidential race

Vice President Joe Biden is decided to forgo a 2016 presidential bid, sources close to Biden tell CBS News' Chief White House Correspondent Major Garrett.

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The decision ends months of speculation about whether Biden would step up to challenge Hillary Clinton, the current front runner for the Democratic nomination and his former Obama administration colleague. The vice president took his time to consider whether he and his family had the "emotional energy" to endure another campaign, following the tragic death over the summer of his 46-year-old son Beau. While his fellow Democrats gave him his space, pressure mounted for Biden to come to a decision as Democratic voters, party operatives and deep-pocketed donors considered which candidate to line up behind. More...