House Speaker Paul Ryan has told confidants he will soon publicize that he won’t run for re-election in November.
Axios originally broke the story reporting sources had said that after the Wisconsin Republican helped get the tax overhaul passed, he was ready to step out of the job.
Daily Mail says there has been confirmation of this statement.
It’s been rumored that his choice could be a signal that Republicans are expecting major loss in the next election. The House Speaker is deciding to exit now instead of run again and have a greater chance of losing the race.
Ryan’s announcement is likely to set off a major battle for Republican leadership in the House. Top contenders to replace him are Reps. Kevin McCarthy and Steve Scalise.