Lincoln Chafee will reportedly enter the 2016 presidential race

Former Rhode Island Gov. Lincoln Chafee is expected to formally enter the 2016 presidential race June 3, a source told Politico on Friday. Chafee's spokesperson told MSNBC there'd be a "major announcement."

Chafee, 62, became a Democrat midway through his term as governor, which ended earlier this year. He served in the U.S. Senate from 1999 to 2007 as a Republican.

Chafee is slated to speak at George Mason University in Arlington, Virginia, at 5:30 p.m. Wednesday. He would face Hillary Clinton, Sen. Bernie Sanders, and likely former Maryland Gov. Martin O'Malley (expected to announce Saturday) in a Democratic primary.

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