In a surprise declaration on Tuesday, US President Joe Biden confirmed that he will seek a second term at the White House in 2024, in a video made by his campaign team, which opens with scenes from the January 6 attack on the US Capitol by supporters of former President Donald Trump.

The 80-year-old and oldest US president ever said: "When I ran for president four years ago, I said we're in a battle for the soul of America, and we still are," Biden said. "This is not a time to be complacent. That's why I'm running for re-election."

"Let's finish this job. I know we can," he added. VP Kamala Harris has also announced today that she will be running for VP again next year alongside Biden.

He further illustrated Republican policies as threats to American freedom and promised to fight for women's healthcare, limit the cut of Social Security and banning of books, while blasting "MAGA extremists." 

Read next: Rep. Taylor Greene accuses Biden and family of 'human trafficking' 

Biden undoubtedly has a number of issues that contribute to his low approval ratings, including his handling of the Ukraine crisis, the dwindling economy, the pandemic response, a border crisis, and low ratings for personal qualities such as leadership, crisis management, and mental sharpness.

Biden’s age is already posing a risk for the Democratic party, which is currently the minority in the House of Representatives as Republicans have taken over. 

A recent poll this month by Ipsos shows Biden’s approval ratings at merely 39% with major concern regarding his age since he would be 86 years old next year and ironically a decade higher than the average American male's life expectancy.

Biden, who does not drink alcohol and exercises five times a week, has been deemed "fit for duty" by doctors following a check-up in February and according to the White House, he is mentally sharp for the job.

As of now, Biden will be running against big names like former US President Donald Trump and Florida Governor Ron DeSantis, and former South Carolina governor Nikki Haley. Trump leads all rivals in a prospective field of 12 Republican candidates, with 48% support to DeSantis' 24% while Haley received a mere 5%.