From an article which is being updated at present on ABC (Oz) News:

Barack Obama says says the decision is 'a testament to Joe Biden’s love of country'

"'Former president Barack Obama, who Joe Biden served as VP for two terms, has issued a statement paying tribute to his 'dear friend'.

"He says Biden's 'outstanding track record' gave him 'every right to run for re-election and finish the job he started'.

    "'Joe Biden has been one of America's most consequential presidents, as well as a dear friend and partner to me. Today, we’ve also been reminded – again – that he’s a patriot of the highest order. '

    "'I also know Joe has never backed down from a fight. For him to look at the political landscape and decide that he should pass the torch to a new nominee is surely one of the toughest in his life. But I know he wouldn’t make this decision unless he believed it was right for America.'

    "'It's a testament to Joe Biden's love of country — and a historic example of a genuine public servant once again putting the interests of the American people ahead of his own that future generations of leaders will do well to follow.'"