LIVE VIDEO: Speaker Paul Ryan Announces Retirement

CNBC reports:

House Republicans are scheduled to take reporters’ questions on Wednesday, shortly following the announcement from Speaker Paul Ryan, R-Wisc., that he won’t seek re-election in 2018.

The speaker himself is expected to discuss his decision at the press conference, said Ryan’s counselor Brendan Buck, who confirmed a wave of reports in a statement on Wednesday morning.

“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,” Buck said.