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Paul Ryan, U.S. House Speaker, won’t run for re-election

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U.S. House Speaker Paul Ryan announces he won’t run for re-election in 2018
WATCH ABOVE: U.S. House Speaker Paul Ryan announces he won't run for re-election in 2018 – Apr 11, 2018

WASHINGTON – Republican House Speaker Paul Ryan will not run for re-election, his office announced Wednesday, injecting another layer of uncertainty as Republicans face worries over losing their majority in the fall.

Ryan’s plans have been the source of much speculation and will set off a scramble among his lieutenants to take the helm. A self-styled budget guru, Ryan had made tax cuts a centerpiece of his legislative agenda, and a personal cause, and Congress delivered on that late last year.

Ryan, 48, announced his plans at a closed-door meeting of House Republicans Wednesday morning, according to those present. His tone was sombre, and he read directly from prepared remarks.

READ MORE: Paul Ryan’s office says he’s not stepping down from House Speaker role

“After nearly 20 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,” Ryan adviser Brendan Buck said in a statement. “While he did not seek the position, he told his colleagues that serving as speaker has been the professional honour of his life, and he thanked them for the trust they placed in him.”

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Ryan will serve out his term and retire in January, Buck said.

WATCH: Paul Ryan explains why he won’t run for re-election, then retire

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Paul Ryan explains why he won’t run for re-election, then retire

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Ryan, a Republican from Janesville, Wisconsin, was first elected to Congress in 1998. Along with Reps. Eric Cantor and Kevin McCarthy, he branded himself a rising “Young Gun” in an aging party.

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WATCH: White House hopes Republicans ‘will remain in the House’ following Paul Ryan announcement

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White House hopes Republicans ‘will remain in the House’ following Paul Ryan announcement

He became the GOP presidential nominee Mitt Romney’s running mate in 2012.

Ryan was pulled into the leadership job by the abrupt retirement of House Speaker John Boehner in 2015. Boehner had struggled to wrangle the chamber’s restless conservative wing and failed to the seal big-picture deals on fiscal policy he sought. Ryan had more trust with the hardliners in the House, but had no more success in brokering fundamental reform of entitlement he sought.

READ MORE: Paul Ryan denies reports he may leave U.S. Congress

He ultimately had to wrestle with another unexpected challenge: President Donald Trump, a president with little of Ryan’s interest in policy detail or ideological purity. The two have had not had a close working relationship.

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House Majority Leader McCarthy, a Republican from California known to be tighter with Trump, is expected to seek the speaker post. He will likely compete with House Majority Whip Steve Scalise, of Louisiana, for the job. Both men spoke at the closed-door meeting Wednesday, delivering tributes to Ryan.

WATCH: Chuck Schumer reacts to Paul Ryan retiring as House Speaker at end of year

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Chuck Schumer reacts to Paul Ryan retiring as House Speaker at end of year

In Wisconsin, the most likely Republican candidate is state Assembly Speaker Robin Vos, multiple Republicans in the state said. Vos did not immediately return telephone or text messages.

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Another Republican mentioned as a potential candidate is longtime Ryan family friend and Ryan backer Bryan Steil, an attorney and member of the University of Wisconsin Board of Regents. Steil did not immediately return an email seeking comment.

WATCH: Nancy Pelosi wishes Paul Ryan ‘much success’ on his retirement

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Nancy Pelosi wishes Paul Ryan ‘much success’ on his retirement

Democrat Randy Bryce, a colorful ironworker who has cultivated an “IronStache” moniker, had been Ryan’s best-known challenger, drawing liberal support from around the country. He had nearly $2.3 million in the bank at the end of the first quarter. Janesville teacher Cathy Myers was also running on the Democratic side. The only declared Republican was Paul Nehlen, who was banned from Twitter for a series of posts criticized as racist or anti-Semitic.

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