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Vice President Joe Biden says he will not decide on a 2016 presidential bid until later next year but says he would be “competitive” if he decides to run.

Speaking at an event sponsored by POLITICO in Washington, Biden insisted he has not made yet up his mind about another White House bid and indicated that his decision would come in the spring or summer.

“Honest to God, I haven’t made up my mind,” he said.

Biden, who appeared alongside his daughter Ashley, added that he has not had a “family discussion” about a possible bid yet either.

The former senator has run for president twice, most recently in 2007-2008. He left the race after a disappointing finish in the Iowa caucuses.

- Kristen Welker and Carrie Dann