Joe Biden.
(Image credit: Frederick M. Brown/Getty Images)

Former Vice President Joe Biden is launching a new PAC, American Possibilities, on Thursday, "dedicated to electing people who believe that this country is about dreaming big, and supporting groups and causes that embody that spirit."

While the goal of the PAC is to get Democrats elected, it is fueling rumors that Biden is seriously considering running for president in 2020. In a message that will go live on Medium Thursday morning, Biden says that "thinking big is stamped into the DNA of the American soul. That's why the negativity, the pettiness, the small-mindedness of our politics today drives me crazy. It's not who we are." Greg Schultz, Biden's political director during his second term as vice president, has been hired as the PAC's executive director.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.