UPDATE:
David Axelrod steps in to spoil the rumor.
The Washington Post reports:
"There's absolutely nothing to it," senior adviser David Axelrod said Tuesday night. "The president is blessed to have a spectacular vice president and an outstanding secretary of state. They're both doing great work, and he wants to keep them on the job."
EARLIER:
Washington Post reporter Bob Woodward took it upon himself Tuesday to revive rumors of a potentially astounding White House scenario -- a Barack Obama-Hillary Clinton 2012 presidential ticket.
According to Woodward, there have been political calculations about the seemingly unlikely undertaking, which would allow Clinton to trade jobs with Vice President Joe Biden, making him the Secretary of State.
"President Obama needs some of the women, Latinos, retirees that she did so well with during the [2008] primaries and, so they switch jobs, not out of the question, and the other interesting question is, Hillary Clinton could run in her own right in 2016 and be younger than Ronald Reagan when he was elected president," Woodward explained.
CNN points out that Clinton would be just over 69 years old in January 2017, the time of a possible inauguration. In comparison, President Ronald Reagan was just weeks short of his 70th birthday when he was sworn in on January 20, 1981.
"Now you talk to Hillary Clinton or her advisers and they say 'no, no there's not a political consideration here,'" Woodward continued. "Of course the answer is, you point out to them that her clout around the world when she goes to Europe, Asia, anywhere is in part, not just because she's Secretary of State or because she was married to President Clinton, that people see a potential future president in her."
Despite Woodward's high-profile argument for such an administrative metamorphosis, the Obama-Clinton ticket concept is hardly novel.
Former Virginia Gov. L. Douglas Wilder pushed the idea in August, using similar reasoning and a rather unkind analysis of the first 18 months of Joe Biden's vice presidency.
And earlier this week, Former Bush White House chief of staff Andy Card pitched the proposal on CNN.
WATCH: