US Democratic presidential hopeful Barack Obama has announced that Joe Biden will be his running mate in November's election. Mr Obama's choice, confirmed on his website, comes ahead of next week's Democratic Party convention. Mr Biden, a 65-year-old veteran lawmaker, has over three decades of Senate experience and is highly respected on foreign policy issues. Republican contender John McCain could announce his choice next week. Speculation is mounting that Senator McCain may name his running mate on 29 August, his 72nd birthday and a day after the Democrats wrap up their convention. 'Impressive record' The announcement came shortly after several US media networks began reporting that Mr Biden had been chosen. "Barack has chosen Joe Biden to be his running mate," a brief statement on Mr Obama's campaign website said. "Joe Biden brings extensive foreign policy experience, an impressive record of collaborating across party lines, and a direct approach to getting the job done," it said. The two men are expected to appear together at a rally in Springfield, Illinois, later in the day. Mr Biden has represented the state of Delaware in the US Senate since 1972. He is known as a strong orator and chairs the Foreign Relations Committee - something analysts say would balance Mr Obama's self-confessed lack of foreign policy experience. The son of a car salesman, he is also expected to appeal to the blue collar workers with whom Mr Obama has struggled to connect. The senator ran against Mr Obama and Senator Hillary Clinton for the presidential nomination but dropped out after failing to gain enough support. The McCain camp called the choice of Mr Biden an admission by Barack Obama that he was not ready to be president. "Biden has denounced Barack Obama's poor foreign policy judgement and has strongly argued in his own words what Americans are quickly realising - that Barack Obama is not ready to be president," McCain campaign spokesman Ben Porritt said in a statement. John McCain has reportedly not yet settled on a running mate. Minnesota Governor Tim Pawlenty and former Massachusetts governor Mitt Romney are reported to be under serious consideration for the role. Source: BBC