After keeping everyone at the edge of their seats for the past 48 hours, VP Joe Biden has announced he has decided to opt out of the race for president in 2016. 

Biden made the announcement Wednesday during a press conference while standing next to President Obama in the Rose Garden, choosing not to take another stab at the nation's top job, according to the Washington Examiner.

Biden had been grappling with the prospects of a potential run since June with his family and political advisers, but also said he might not be emotionally ready to run after his 46-year-old son Beau died of brain cancer in May.

Speculation of his potential run had increased among voters in recent weeks as the other Democratic nominees attended their first debate, and as the initial deadline to get on ballots for the party's primary season approached, reported the New York Daily News.

It ultimately reached it's climax Monday when he announced to expect a statement from him within the next "48 hours."

His decision bolsters ex-Secretary of State Hillary Clinton's standing in the primary by sparing her a challenge from the popular VP, reported Newsday.

Biden ran unsuccessfully for President in 1988 and 2008.

Given the Vice President's decision and President Obama's recent comment on "60 Minutes" that he didn't believe Hillary Clinton put national security at risk by establishing her private email account during her term as secretary of state, it would appear the Democrat Party is going all in with Hillary Clinton. Fellow Democrat candidate Bernie Sanders gave Clinton cover during the recent Democrat Debate broadcast on CNN.