Joe Biden is creating a political action committee, but won't say if he's running for president

Associated Press/Cliff OwenVice President Joe Biden addresses the White House Summit on the United State of Women in Washington, Tuesday, June 14, 2016.Joe Biden is planning to create a political action committee, The New York Times reported on Wednesday, possibly indicating his intentions to run for president in 2020.

The committee will give the former vice president means to travel on behalf of the Democratic Party, promote state-level candidates in upcoming elections, and nurture ties with political donors, the report said.

Biden chose his former aide Greg Schultz to help lead the PAC, which Biden is expected to unveil on Thursday, according to The Times.

Biden has remained equivocal about his future plans.

"Could I? Yes. Would I? Probably not," Biden said of a potential 2020 presidential bid when asked earlier this month.

In other recent speaking opportunities, Biden expressed regret for not jumping into the 2016 race and suggested he's thought about another run for the White House.

If Biden were to win the 2020 race, he would be the oldest incoming president in history at 78.

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