Breaking: Speaker Ryan Is Done

House Speaker Paul Ryan is reportedly telling his Republican colleagues on Capitol Hill that he will not be running for re-election during the November midterm elections.

As Fox News reports, Ryan was first elected in 1999 to the House of Representatives and represented the first district of Wisconsin. During his tenure, Ryan served as speaker since 2015 and won the Vice Presidential Nominee in 2012.

Ryan’s resignation follows a streak of Republican lawmakers declining to seek re-election or otherwise resigning from their post. “Thirty-eight Republican House seats will be open in November. Twenty-five members are retiring. Thirteen members are running for higher office,” Fox News reports.


CBS News reports the Speaker’s Office put out the following statement concerning Paul’s resignation:

This morning Speaker Ryan shared with his colleagues that this will be his last year as a member of the House. He will serve out his full term, run through the tape, and then retire in January. After nearly twenty years in the House, the speaker is proud of all that has been accomplished and is ready to devote more of his time to being a husband and a father. While he did not seek the position, he told his colleagues that serving as speaker has been the professional honor of his life, and he thanked them for the trust they placed in him. He will discuss his decision at a press conference immediately following the member meeting.” –Brendan Buck, Counselor to the Speaker

Per Axios:

House Speaker Paul Ryan has told confidants that he will announce soon that he won’t run for re-election in November, according to sources with knowledge of the conversations.

Why it matters: House Republicans were already in a very tough spot for the midterms, with many endangered members and the good chance that Democrats could win the majority.

One Republican said:

“This is a Titanic, tectonic shift. … This is going to make every Republican donor believe the House can’t be held.” The announcement will help Senate Majority Leader Mitch McConnell (R-Ky.) in his fundraising because “the Senate becomes the last bastion,” the Republican said.

Continued:

Background:

This decision has been rumored since Politico’s Tim Alberta and Rachel Bade wrote in December that he saw his “wild Washington journey coming to an end,” but his final deliberations were held extremely closely.
Ryan, 48, was the Republican vice presidential nominee in 2012, and has long harbored presidential ambitions. Friends say he could make another run in the future.
Friends say that after Ryan passed tax reform, his longtime dream, he was ready to step out of a job that has become endlessly frustrating, in part because of President Trump.
Friends say Ryan was contemplating a minority or slim majority and decided that there was no good time to leave — it was time for at least a stint in private life.

Congressional Republicans will look to crown a new House Speaker, which Majority Whip Steve Scalise and Majority Leader Kevin McCarthy are current frontrunners. Scalise has previously commented that he would not run against McCarthy.

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