BREAKING: House Speaker Paul Ryan To Retire

CNBC reports:

House Speaker Paul Ryan has privately told confidants he does not plan to run for re-election this year, multiple reports said Wednesday. The Wisconsin Republican could announce his decision “soon,” according to the news outlet. The GOP faces a tough fight to hold on to a House majority in November amid Democratic enthusiasm and opposition to some policies pushed by President Donald Trump and the Republican-controlled Congress.

Ryan, who has served in the House since 1999, likely would win a re-election bid. But he would have faced a better funded opponent than he is used to in Democrat Randy Bryce, whom the House Democrats’ campaign arm is supporting. The two most likely to replace him are Kevin McCarthy and Steve Scalise, though Scalise has said he won’t run against McCarthy, who appears to have first bite at the Apple.