House Speaker Paul Ryan announces he will not seek re-election

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Brendan Buck, counselor to the speaker, says the "the speaker is proud of all that has been accomplished". Ryan will not run for re-election, The Associated Press has learned.

Reports have circulated since December that Ryan would not run again after helping to shepherd tax cuts through the House, President Trump's first major legislative win.

Ryan to addressed his decision in a closed-door Republican Party meeting on Wednesday, sources told CNN. "He said Ryan is ready to devote more of his time to being a husband and a father".

Ryan, R-Wis., told colleagues Wednesday that he will not seek reelection this year, ending a almost 20-year tenure in Congress and adding further uncertainty about whether embattled Republicans can maintain control of the House.

More than likely the next speaker will either be House Majority Leader Kevin McCarthy (R-CA) or House Majority Whip Steve Scalise (R-LA).

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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".

MSNBC reports NBC News has confirmed Speaker Ryan will not seek re-election. He was former GOP presidential nominee Mitt Romney's running mate in 2012.

Just weeks ago, Ryan's office was pushing back against a Republican congressman's suggestion that the GOP leader would soon be stepping down as speaker.

Ryan and his wife have three children.