Joe Biden sets up new political action committee; Signals a possible 2020 run for the White House 

Declaring “it’s time for big dreams,” former vice president Joe Biden is prepared to launch a new political action committee on Thursday, a move certain to stoke more speculation about whether he plans to mount a 2020 challenge to President Trump.

The new PAC, dubbed American Possibilities, is being set up to help elect candidates who, like Biden, still believe in a nation “of ordinary people doing extraordinary things,” according to an email the Democrat plans to send to supporters.

“That’s who we still are,” Biden says in the email, in which he relays that the PAC will also support groups and causes that embody the same spirit of thinking big.

Biden has tapped Greg Schultz, a former aide in his vice presidential office and a veteran of President Barack Obama’s White House campaigns, to lead the new entity.

Using such leadership PACs is a common tactic for politicians contemplating White House bids down the road. They provide a vehicle to travel the country and get involved in state and local races and build relationships in key states before the race for the presidential race begins in earnest.

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