He will make the decision formal at a press conference later today according to a report at the link below.
Prepared remarks for Bayh’s speech scheduled for later today: “After all these years, my passion for service to my fellow citizens is undiminished, but my desire to do so by serving in Congress has waned.”
Bayh would have faced former Republican Senator Dan Coats in November.
His retirement is a blow for Senate Democrats. Bayh's universal name recognition and popularity -- not to mention his massive campaign warchest -- made him a favorite in the fall despite the Republican tilt of the state and the increased focus of national GOP strategists on the contest.
Without Bayh, Democrats may look to their congressional delegation where Reps. Baron Hill, Brad Ellsworth and Joe Donnelly are likely to take a look at running.
Bayh’s retirement puts the Democrats in an awkward position as they will have very little time to find another candidate because the filing deadline is Friday!
More here.