Vice President Joe Biden Will Not Enter 2016 Presidential Race

"Unfortunately, I believe we’re out of time, the time necessary to mount a winning campaign for the nomination."

Vice President Joe Biden ended the speculation Wednesday on whether he will run for president. 

Joe Biden announced Wednesday afternoon from the Rose Garden that he is not running for president.

Former Secretary of State Hillary Clinton has the most to gain from Biden’s announcement.

With Biden out of the race, polls show Clinton ahead of Bernie Sanders.

Biden’s been struggling with the decision for months, all while mourning the loss of his son Beau who passed away after battling brain cancer.

"I believe we need a moon shot in this country to cure cancer.  It’s personal.  But I know we can do this," said Vice President Biden.

The vice president says even though he’s not running, he will still share his opinions about where the country is moving.