US House Speaker Paul Ryan won't run for re-election

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McConnell hailed Ryan on the Senate floor Wednesday after Ryan announced he will be retiring after finishing out his term. "So I will be setting new priorities in my life, but Ill also be leaving incredibly proud of what we have accomplished", Ryan said.

House Freedom Caucus Chairman Mark Meadows (R-NC) suggested that Ryan may not be able to continue serving as Speaker on Wednesday. Likely contenders to replace Ryan included House Majority Whip Steve Scalise (R-La.) and McCarthy.

"The Speaker assured the president that those were not accurate reports and that they look forward to working together for a long time to come", Sanders said.

Ryan noted that he "did not want this job".

State Representative Jimmy Anderson released the following statement in response to the announcement that Speaker Paul Ryan (WI-01) will not seek reelection.

All 435 members of the House are required to seek re-election every two years.

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He will serve out his term until January, when he will not stand for re-election.

And he said his decision had little to do with politics, predicting the GOP will hold the House in November no matter what.

"You all know I did not seek this job", Ryan said, addressing reporters.

In a statement on Ryan's decision to retire, Pelosi doesn't cite any specific issues she wants to tackle with the Republican she has opposed on almost every issue. While Trump won the district by 10 points in the 2016 election, Ryan won by 35 points.

"Despite our differences, I commend his steadfast commitment to our country".

The Atlantic said Ryan told members: "I've become a Sunday Dad", and he wanted to spend more time with his family. "We are with you Paul!" the president tweeted.

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"Speaker Ryan sees what is coming in November, and is calling it quits rather than standing behind a House Republican agenda to increase healthcare costs for middle class families while slashing Social Security and Medicare to pay for his handouts to the richest and largest corporations", spokesman Tyler Law said in a statement.

The California Republican and current House Majority Leader was considered one of the leading contenders for the job when John Boehner left the post in 2015.

As Ryan approached the podium, Trump complimented the outgoing speaker on Twitter. Several GOP veterans have announced plans to retire in recent months and another, Rep. Dennis Ross of Florida, quickly followed Ryan on Wednesday. Ryan had made tax cuts a centerpiece of his legislative agenda, and Congress delivered on that late previous year.

Axios reported that Ryan is ready to step aside because of the passage of the tax reform bill, and is ready for a career in the private sector.

Two people with knowledge of Ryan's thinking said he has decided against seeking another term, but they did not say why. Voters want a public servant who will work as hard as they do to find solutions to our problems in #W101.

With Republican House Speaker Paul Ryan deciding against re-election, the focus turns to other Republicans who could run for his southeast Wisconsin congressional seat.

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The clean-cut conservative, who has served in the House since 1999, was the Republican vice-presidential running mate for Mitt Romney in 2012. He and his wife have three teen children.