Investing.com -- U.S. president Joe Biden has formally announced that he will stand for re-election in 2024.
In a promotional video released on Tuesday, Biden stressed his desire to protect the "personal freedom" of American citizens.
"Every generation has a moment where they have had to stand up for democracy. To stand up for their fundamental freedoms. I believe this is ours," Biden said in a statement.
Biden reiterated a central message made during the 2020 presidential campaign, claiming that the U.S. is facing "a battle for the soul" of the country.
The announcement, which had been hinted at previously by Biden, ends a period of speculation around whether the 80-year old would seek a second term in office.