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Others with hats in the ring include former Senator John Edwards, former Iowa Governor Tom Vilsack and Representative Dennis Kucinich.
NPR: Presidential Race Comes Early to Primary States
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He has worked closely with other party-builders on Capitol Hill, particularly Dennis Hastert and Tom DeLay in the House and Bill Frist in the Senate.
ECONOMIST: Lexington
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Attending the meeting were Senate Majority Leader Bill Frist, R-Tennessee, Senate Minority Leader Tom Daschle, D-South Dakota, Speaker of the House Dennis Hastert, R-Illinois, Majority Whip Tom DeLay, R-Texas, and Minority Whip Nancy Pelosi, D-California.
CNN: Bush cites 'progress' in war
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Ford's marriage breakdown follows other much publicised Hollywood divorces, including those of Tom Cruise and Nicole Kidman and Dennis Quaid and Meg Ryan.
BBC: Harrison Ford separates from wife
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House Majority Whip Tom DeLay, R-Texas, and House Speaker Dennis Hastert, R-Illinois, had asked Watts to stay.
CNN: Watts announces no fifth-term bid
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John Edwards of North Carolina, the party's 2004 vice presidential nominee, declared his candidacy late last year, as did Rep. Dennis Kucinich of Ohio, a liberal critic of the war in Iraq, and Iowa Gov. Tom Vilsack.
CNN: Obama to form panel to explore presidential bid