Former President Donald Trump announced his run for the White House in 2024 during a speech at Mar-a-Lago, his golf resort in Palm Beach, FL on Nov. 15. The announcement came only a week after a disappointing midterm result for Trump and Republicans partnered with large concerns about the former President’s grip on the party foment.

In his speech, Trump sought to draw a contrast between the current state of the country under President Joe Biden and how it was two years ago when he left office. “I have no doubt that by 2024, it will sadly be much worse, and they will see clearly what has happened and is happening to our country–and the voting will be much different,” Trump stated, likely hinting at faulty claims of voting irregularities.

Trump, who has hinted at this announcement for months, is still the poll-tested favorite to win the Republican nomination. Currently, he’s the only Republican to formally announce his candidacy, but there has been speculation that Florida Gov. Ron DeSantis may also decide to run for the Republican seat.

DeSantis, who is one of the few Republican candidates to outperform midterm election polling, is seen by some as the new forebearer of the Republican party as opposed to Trump. Trump still remains extremely popular among Republican voters, though it’s hard to say how strong that support will be when the election actually happens two years from now.

Following the midterms, President Biden also announced his plans to run for president in 2024 setting up a potential rematch between the 2020 election rivals. While Biden has yet to formally file to run as Trump has, his re-election announcement quelled talks from within the Democratic party that he shouldn’t run in 2024 due to his age and low approval ratings. Despite his stark unpopularity, Biden led the Democrats to one of the most successful midterm cycles in recent political history for the party in power. “What [Biden] did translated more with voters than favorability ratings, and that’s important for Democrats to remember as we go forward,” said North Carolina Gov. Roy Cooper.

The early announcement from the former president is apt, as he faces mounting political investigations at both the federal and state levels. On Nov. 22, just a week after his announcement, the Supreme Court cleared the way for the House of Representatives to obtain Trump’s tax returns, documents that he has sought to keep secret since his initial presidential campaign in 2016. The House had been pursuing these files for years in regard to an investigation into his financial dealings, but Trump had repeatedly blocked their release via numerous legal challenges. Additionally, Trump is also being investigated by the Department of Justice for allegedly mishandling classified documents, as well as by the Attorney General of New York for overinflating the value of his properties.

If re-elected, Trump would be the second American president in history to serve two inconsecutive terms, next to Grover Cleveland who won his second term as president in 1892.