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Vice President Joe Biden says there's "no obvious reason" why he shouldn't run for president in 2016, but that he'll delay making a final decision until the summer of 2015. Meanwhile, Hillary Clinton continues to weigh her options and to seek a viable campaign message that goes beyond simply keeping a Democrat in power for another four years. That could lead Clinton to avoid outright populism and build a campaign modeled on her husband's 1992 campaign, writes Matt Bai.

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