In an interview with "60 Minutes" on Sunday, President Joe Biden said it was "much too early" to decide whether he will run again in 2024 -- adding uncertainty to an already unsettled political landscape.

Though Biden still has time to make his decision, he should consider another factor: the weight of history. Should Biden choose not to run again, he would be the first first-term incumbent president not to do so since Rutherford B. Hayes in 1876.

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