NEW YORK (JTA) — Sen. Bernie Sanders of Vermont will likely run for president.

As the Ledger went to press on Tuesday, Sources familiar with the longtime Jewish senator told the New York Times that he will release a statement on Thursday, and make a more formal announcement next month in Burlington, Vermont, where he was mayor in the eighties.

Sanders, 73, is an Independent but will run for president as a Democrat, according to the Times. He currently serves as the ranking member of the Senate Budget Committee, and previously was the chairman of the Senate Committee on Veterans’ Affairs.

Sanders, who was born in Brooklyn in 1941 to Jewish immigrant parents from Poland, calls himself a “Democratic Socialist.” He will not have high odds of upsetting Hillary Clinton, who has retained a 48 point edge in the latest polls of potential Democratic candidates.