Despite earlier reports to the contrary,, the Associated Press is confirming that Joe Biden won’t be taking a crack at the presidency in the 2016 campaign.

In a speech from the White House’s Rose Garden this morning, Biden explained that in mourning the loss of his son, Beau, he came to realize that the window for him to mount an effective campaign was closing, and that now he feels it’s too late for him to join the race. His family supports his decision.

While this effectively puts an expiration date on his 40+ years of serving as an elected official, Biden pledged to closely follow the Democrats campaigning, urging them to “run on the record” that he and President Obama have been building since their election in 2008.

“While I will not be a candidate, I will not be silent. I intend to speak out clearly and forcefully, to influence as much as I can where we stand as a party and where we need to go as a nation,” Biden said, with President Obama at his side.