US House Speaker Paul Ryan To Step Down

US House Speaker Paul Ryan To Step Down

House Speaker Paul Ryan is not seeking re-election and will retire from Congress after this year, his office announced Wednesday.

"This morning Speaker Ryan shared with his colleagues that this will be his last year as a member of the House," Ryan aide Brendan Buck said in a statement, according to CNN. "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."

According to two sources with direct knowledge, in calls this morning with his leadership team, Ryan made clear much of this decision was about spending time with his family, but also noted that he planned to leave after this Congress and didn't think it was fair to his district or the GOP conference to run for re-election only to leave right after.

Ryan's resignation will spark a frenzy of speculation in Washington about whether he could mount a potential presidential campaign, according to the BBC.

The 48-year-old clean-cut conservative, who has served in the House since 1999, was the vice-presidential running mate for Mitt Romney in 2012.

According to Axios, Mr Ryan has found his job frustrating, partly because of President Donald Trump. In December he achieved his long-held goal of overhauling the US tax code, and according to Axios, felt satisfied enough with that achievement to leave.