EXCLUSIVE: Sources close to Biden say he has been contacted by Obama and has accepted his offer as VP!

A credible source with reason to know tells Political Newsline that Deleware Senator and former Presidential contender, Joe Biden has been selected as Barack Obama's VP pick.

Our source does not know the timing of an official announcement only that Biden has been contacted and has accepted Obama's offer to be on the ticket as his Vice President.

Stay with Political Newsline for the latest updates.