House Speaker Paul Ryan won’t run for reelection in 2018

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According to Axios, House Speaker Paul Ryan has told associates that he will announce soon that he won’t run for reelection in November. The decision could make Republican chances of holding the House more difficult. House Majority Leader Kevin McCarthy and Majority Whip Steve Scalise are said to be considering the Speaker post.

Why it matters: House Republicans were already in a very tough spot for the midterms, with many endangered members and the good chance that Democrats could win the majority.

One of Washington’s best-wired Republicans said:

“This is a Titanic, tectonic shift. … This is going to make every Republican donor believe the House can’t be held.” The announcement will help Senate Majority Leader Mitch McConnell (R-Ky.) in his fundraising because “the Senate becomes the last bastion,” the Republican said.

Statement from Brendan Buck, counselor to Speaker Ryan:

“This morning Speaker Ryan shared with his colleagues that this will be his last year as a member of the House. 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. While he did not seek the position, he told his colleagues that serving as speaker has been the professional honor of his life, and he thanked them for the trust they placed in him. He will discuss his decision at a press conference immediately following the member meeting.”

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