Nabih Berri, the speaker of parliament, made the announcement through his spokesman saying the election will be rescheduled for March 25, Press TV reported.
The term of former President Emile Lahoud expired Nov. 23. There has been no president in Lebanon since then.
Some analysts say the political crisis in Lebanon is approaching the severity of the country's 1975-90 civil war.
Celebrity Families of 2014 [PHOTOS]