Trump backs out of announcing new presidential campaign at CPAC: report
President Donald Trump. (AFP / Jim WATSON)

Former President Donald Trump is not expected to announce a new presidential campaign at the Conservative Political Action Conference (CPAC) on Sunday.

Aides gave Fox News a preview of the former president's speech after some reports said that he would declare himself the "presumptive 2024 nominee" at CPAC.

But instead of declaring his intentions to run, sources told Fox News that he would walk "right up to the line of announcing another campaign."

Fox News also obtained an excerpt from Trump's speech indicating that he does not want to form his own party.

"We are not starting new parties, and we will not be dividing our power and our strength. Instead, we will be united and strong like never before," Trump will say.

He is expected to attack Wyoming Rep. Liz Cheney, a fellow Republican who voted to impeach him. President Joe Biden's efforts to undo Trump's legacy will also be addressed, the report said.

It was not immediately clear if Trump will repeat lies he's told about the election being stolen.