UPDATE 2:35 p.m.:

Jonathan Karl of ABC News is now citing unnamed sources revealing that Biden hasn't reached a decision, meaning there may actually be no such announcement:

See original story below. 

Just days after Bernie Sanders received the highly coveted Larry David cosign, Vice President Joe Biden is expected to reveal his decision regarding a 2016 presidential run. This clearly laborious decision will be announced within the next 48 hours, according to NBC News. If Biden does in fact announce a candidacy within the next two days, the move would come before current champion Hillary Clinton appears before a committee regarding the Benghazi attacks.

Biden, of course, has spent many months in deep contemplation regarding a renewed bid for the White House. Speaking with Stephen Colbert earlier this year, Biden highlighted the recent death of his son Beau as the deciding factor in whether or not to seek the nomination. During the interview, Biden doubled down on his previous assertion that he would only run if he was certain his family had the "emotional energy" to endure the campaign.

On Friday, Biden reportedly had a 20-minute meeting with Harold Schaitberger, the president of the International Association of Fire Fighters. This, according to NBC News, is merely a way of testing the potential "support of unions," a clear sign that Biden’s head is very much in the game.