Obama: Hillary Clinton 'would be an excellent president'

Shortly before Hillary Clinton officially announced that she is running for president in 2016, she received an endorsement from President Barack Obama.

At a news conference in Panama, where Obama was attending a summit meeting of Latin American countries, the president said Clinton "was a formidable candidate in 2008" and "was an outstanding secretary of state."

"She is my friend," Obama said. "I think she would be an excellent president, and I'm not on the ballot."

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Clinton may have Obama's support, but she hasn't received the endorsement of another top Democrat, New York City Mayor Bill de Blasio. De Blasio managed Clinton's 2000 campaign for U.S. Senate, but he said in a Meet the Press interview that he won't endorse any candidate "until I see an actual vision of where they wanna go." —Meghan DeMaria