House Paul Ryan speaks at a news conference on Capitol Hill in Washington U.S
11 April, 2018, 17:08
House Speaker Paul Ryan has informed those close to him that he would not actively seek re-election, publicly announce the decision on Wednesday. Ryan will not run for re-election, The Associated Press has learned.
Friends said Ryan was ready to step down after passing a tax reform bill, one of his longtime goals, Axios reported.
"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", the statement added.
A source familiar told CNN that Ryan called House Majority Leader Kevin McCarthy about his retirement before the news broke. Ryan had made tax cuts a centerpiece of his legislative agenda, and Congress delivered on that late previous year.
A statement released this morning from Democrat Randy Bryce's congressional campaign said: "Paul Ryan made a decision to quit today rather than face Randy Bryce and the voters".
Two people with knowledge of Ryan's thinking said he has decided against seeking another term, but they did not say why.
The Republican from Wisconsin will retire in January before the start of the next legislative session, said Brendan Buck, counselor to the speaker.
MSNBC reports NBC News has confirmed Speaker Ryan will not seek re-election. Ryan, 48, was the Republican vice-presidential nominee in 2012, running with Mitt Romney in a failed bid against Democrat President Barack Obama.
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