Self-avowed socialist in White House?

Self-proclaimed socialist, Sen. Bernie Sanders.

Sen. Bernie Sanders, the self-proclaimed Socialist from Vermont, said he may indeed make a run at the White House in 2016.

He's mulling the decision now and will announce "in a short period of time," he said, the Hill reported.

Among his concerns: whether he can raise the necessary massive amounts of money to launch a "credible" campaign, he said. If so, his platforms will focus on income equality, joblessness and climate change.

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"It has to be done well," Sanders said, of any campaign he might launch, during a conference call with Democracy for America. And to supporters on the call, he asked: "[Are you] prepared to get actively involved in this campaign by taking on the most powerful people in the country and the world? ... It's not about me, it's about running a campaign with the support of the American people."

Sanders also said he probably wouldn't need the $1 billion spent during the 2012 election by President Obama and Republican Mitt Romney, mostly because he would focus on door-to-door, grassroots campaigning.

If Sanders runs, he will face staunch opposition from the Democratic Party's more recognizable Hillary Clinton, who announced her candidacy over the weekend.