CBS News is reporting that Vice-President Joe Biden may be declaring his intent to seek the Democratic party’s nomination within the next week.

Even if Biden decides to seek the Democratic nomination before the party’s first debate on Oct. 13, he likely would not participate, sources told CBS News.

They said he’d need time – perhaps a couple of weeks – to put together the foundations of a campaign and raise money looking ahead to several ballot deadlines. States like New Hampshire, Texas and Florida have deadlines beginning in November.

It is getting late in the fundraising game to jump in, but Biden probably was smart to wait it out – mostly to determine if Hillary would implode. If Biden gets into the race, it will put the well-known Obama-Clinton feud into high gear. There is just no way that Biden runs without Obama’s support and blessing – which means that Hillary will not get that help from Obama.