US President Joe Biden has filed some of the required documents that open the way for announcing his re-run for the 2024 presidential election, according to a Federal Election Commission (FEC) filing.  

In an amended FEC filing, the Biden campaign pointed out that it has designated a treasurer, Keana Spencer, who has long served as a tax strategist for Biden.    

The filing comes ahead of Biden's scheduled speech in the state of Pennsylvania on Tuesday on what he has characterized as the "battle for the soul of the nation."

With the country gripped by a pervasive sense of pessimism, the US President's popularity has been dwindling.

A New York Times/Siena College July poll revealed that around 64% of Democratic voters said they would prefer a new standard-bearer in the 2024 presidential campaign, as voters nationwide have soured on his leadership, giving him a meager 33% job-approval rating.

Widespread concerns about the economy and inflation have contributed to a decidedly gloomy national mood, both on Biden and the nation's trajectory.

Whispers among Democrat party members have become increasingly audible, that Joe Biden, in the coming 2024 elections, should not be running.

In June, the New York Times wrote that Democrats are becoming increasingly frustrated with Biden's futile abilities to advance the most important items on his agenda in his presidential term. 

A May survey by the Associated Press found that Biden's approval among party members has reached its lowest point during his tenure, 73%, which is 9 percentage points lower than 2021. 

Lamenting “a great national loss of hope,” Alex Wyshyvanuk, 33, a data analyst from Annapolis, said he won't be voting for Biden in 2024.

A new CNN poll revealed at the end of July that 75% of Democratic and Democratic-leaning voters want the party to nominate someone in the 2024 election other than President Joe Biden.

The tally represented a sharp increase from earlier this year. A survey conducted by the Harvard CAPS/Harris Poll in April showed that 63% of participants did not want Biden to run for a second term.

According to a recent study, the majority of #Americans do not want either Joe #Biden or Donald #Trump to run for President in 2024, highlighting the uncertainty they are feeling about their next president. pic.twitter.com/5cxmoaLXDj

— Al Mayadeen English (@MayadeenEnglish) June 21, 2022

Dozens of former Republican and Democratic politicians announced last month the formation of a new national political third party to appeal to millions of voters dissatisfied with America's dysfunctional two-party system.

The foundation of the new party, 'Forward', was originally reported by Reuters. It will be co-chaired by former Democratic presidential candidate Andrew Yang and Christine Todd Whitman, the former Republican governor of New Jersey.

According to founding members, they hope the party will become a credible alternative to the Republican and Democratic parties that dominate US politics.

This autumn, party leaders will hold a series of events in a dozen locations to launch their agenda and gain support. They will hold an official launch on September 24 in Houston, followed by the party's first national convention in a major US city the following summer.

Third parties have historically struggled to survive in America's two-party system although they can occasionally influence a presidential election. In such a polarized country, it is uncertain how the new 'Forward party' will affect either party's electoral prospects.