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Speaker Paul Ryan to Retire from Politics

businessinsider.comHouse Speaker Paul Ryan will not run for reelection in November and retire from Congress at the end of his term, the speaker announced Wednesday.

“We all know that I did not seek this job, I took it reluctantly, but I have given this job everything I have and I have no regret whatsoever in accepting this responsibility,” Ryan said at a press conference.

Ryan cited the need to spend more time with his family, particularly his three kids, as the reason for the departure.

There will not be an election for a new speaker before the end of the term, Ryan said, since he plans to “run out the tape” and serve until January.

Jonathan Swan of the news website Axios first reported Wednesday that the Wisconsin Republican had been telling confidants he would not run again. Axios said Ryan had told friends it was the right time to step away, with a tax overhaul accomplished and a tough midterm landscape ahead.

Reports also said that President Donald Trump’s time in the presidency wore on Ryan, contributing to the decision to leave. But, during the press conference the speaker rejected the idea that Trump’s direction added to the choice.

“I’m grateful to the president for giving us this opportunity to do big things to get this country on the right track,” Ryan said.

Ryan long pushed for a major revision of the tax code, a goal the GOP accomplished in December. Following the enacting of the massive tax law, rumors began swirling that Ryan may not run again. Ryan will serve out his full term and informed fellow Republicans of his plans Wednesday during a meeting of the GOP conference.

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