Joe Biden describes the moment he told his family he wasn't running for president

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Joe Biden Won't Run for President in 2016

After months of flirting with a potential presidential bid, Vice President Joe Biden ultimately decided to opt out because he didn't have the time to mount a serious campaign.

In a preview of a "60 Minutes" interview airing on Sunday evening, Biden described the scene from Tuesday night -- when he told his family that he would not be mounting a third campaign for president.

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"I came home and Hunter, our son was upstairs with mom, with Jill," he said, referencing his wife, Dr. Jill Biden.

"And I walked in and I said, 'You know, I just don't think there's time. I've just decided I don't think we can run the kind of campaign we have to run to be able to win.

"And I remember Jill just got up off the couch, gave me a big hug, and said, 'I think you're right.'"

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In Sunday's interview, Jill Biden said she was disappointed that her husband didn't run, saying that he would've been the "best president."

"I think I was disappointed. You know, like I said, in the beginning, I mean, I thought Joe would be a great president," Jill Biden said. "And you know I've seen his — in the 40 years we've been together — I've seen, you know, the strength of his character, his optimism, his hope."

"I believed he would've been the best president."

See photos of Biden announcing he was opting out of the race:

12 PHOTOS
Joe Biden announces he's not running for president
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Joe Biden describes the moment he told his family he wasn't running for president
President Barack Obama watches as Vice President Joe Biden turns to his wife Dr. Jill Biden after announcing that he will not run for the presidential nomination, Wednesday, Oct. 21, 2015, in the Rose Garden of the White House in Washington. (AP Photo/Jacquelyn Martin)
Vice President Joe Biden, with his wife Dr. Jill Biden, and President Barack Obama walks toward the Rose Garden of the White House in Washington, Wednesday, Oct. 21, 2015, to announce that Biden will not run for the presidential nomination. (AP Photo/Jacquelyn Martin)
Vice President Joe Biden, with his wife Dr. Jill Biden, right, and President Barack Obama announces that he will not run for the presidential nomination, Wednesday, Oct. 21, 2015, in the Rose Garden of the White House in Washington. (AP Photo/Jacquelyn Martin)
US Vice President Joe Biden (C), flanked by US President Barack Obama (L) and his wife Jill Biden (R), speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US Vice President Joe Biden (R), flanked by US President Barack Obama (L), speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US President Barack Obama (L) looks on as US Vice President Joe Biden (R) speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US Vice President Joe Biden (C), flanked by US President Barack Obama (L) and his wife Jill Biden (R), speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
Jill Biden (R) looks on as her husband US Vice President Joe Biden speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US Vice President Joe Biden speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
US Vice President Joe Biden (R), flanked by US President Barack Obama (L) speaks in the Rose Garden at the White House on October 21, 2015, in Washington, DC. Biden announced that he is not running for president. AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
President Barack Obama places a hand on Vice President Joe Biden's back as they and Dr. Jill Biden leave the Rose Garden of the White House in Washington, Wednesday, Oct. 21, 2015, where Biden announced he will not run for the presidential nomination. (AP Photo/Jacquelyn Martin)
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Wednesday's announcement that Biden would not seek the nomination followed month's of speculation about the vice president's intentions.

Though Biden had started contrasting himself with Democratic front-runner Hillary Clinton and Sen. Bernie Sanders (I-Vermont) in speeches and had begun to lay the groundwork for a campaign, he still would've faced difficult obstacles even if he'd been able to gain some traction in the polls.

Biden was months behind Clinton and Sanders in fundraising, and had not assembled a campaign infrastructure. While the Clinton campaign has hundreds of paid staffers, Biden would've needed to start virtually from scratch.

More from Business Insider:
Why Joe Biden isn't running for president
HILLARY ON FIRE: She's completely turned around her campaign with her best month yet
The Republican Party has painted Joe Biden's exit in apocalyptic terms

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