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Photo: Win McNamee/Getty Images

Former Vice President Joe Biden said in a speech from Wilmington, Delaware, on Wednesday afternoon that he’s not ready to declare victory yet, but “when the count is finished, we believe we will be the winners.”

The big picture: Neither Biden nor President Trump has secured the necessary 270 Electoral College votes to claim a win. Biden currently has 248 electoral votes, while Trump has 214.

  • AP has not projected the results in the key battleground states of Pennsylvania, Georgia, North Carolina, Michigan or Nevada.

What he's saying: "Only three presidential campaigns in the past have defeated an incumbent president. When it's finished, God willing, we'll be the fourth," Biden said.

  • "Michigan will complete its vote soon, maybe as soon as today, and I feel very good about Pennsylvania. ... Every vote must be counted."
  • In response to Trump's false and premature claim of victory, Biden said, "No one's going to take our democracy away from us, not now, not ever."
  • The former VP vowed to reach across the aisle, saying the presidency “itself is not a partisan institution.”

Go deeper

Jan 26, 2021 - Politics & Policy

Biden on Trump's impeachment trial: "I think it has to happen"

President Biden told CNN Monday that he believes the impeachment trial of former President Trump "has to happen," but he does not think 17 Republicans will join Democrats to vote to convict.

Why it matters: Biden's comments are most concrete he has made about his views on Trump's second impeachment.

Updated 46 mins ago - Economy & Business

Janet Yellen co-opts Reaganomics phrase for new Davos speech

Treasury Secretary Janet Yellen at a speech this week. Photo: Alex Wong/Getty Images

The U.S. needs to focus on increasing its productive potential, Treasury Secretary Janet Yellen told world leaders Friday, calling for what she terms "modern supply side economics."

Why it matters: She co-opted a phrase traditionally used by political conservatives to describe low-tax and deregulatory policies — and framed the Biden administration's initiatives as the best path forward to achieve greater national prosperity.

National Archives releases Trump White House records to Jan. 6 panel

Photo: Chip Somodevilla/Getty Images

The National Archives on Thursday evening released records of former President Trump's White House to the House Jan. 6 Select Committee, the agency said.

Why it matters: The committee now has documents that Trump attempted to keep hidden, arguing that their release would undermine his executive privilege.