House Speaker Paul Ryan won’t seek re-election in blow to GOP

House Speaker Paul Ryan said Wednesday he won’t seek re-election in November, dealing a blow to congressional Republicans already facing a possible Democratic takeover of the House in the November elections and setting off a GOP leadership battle.

“I will be retiring in January, leaving this majority in good hands with what I believe is a very bright future,” Ryan, 48, said at a news conference. “I think we have achieved a heck of a lot.”

Ryan’s retirement had been the subject of rumors in the halls of Congress for months, and the Wisconsin Republican had given only vague answers when he was asked about his plans. After passage of Ryan’s long-sought tax overhaul late last year, the speaker clashed with President Donald Trump over his planned tariffs.

House Speaker Paul Ryan

Trump wrote on Twitter, “Speaker Paul Ryan is a truly good man, and while he will not be seeking re-election, he will leave a legacy of achievement that nobody can question. We are with you Paul!”

His departure sets up a battle for control of the chamber. Among likely contenders are Kevin McCarthy of California and Steve Scalise of Louisiana, the No. 2 and No. 3 GOP leaders in the House.

Scalise declined to comment, and there was no immediate response from McCarthy’s office.

Ryan’s decision comes as recent special elections that reaped Democrats an Alabama Senate seat and a House seat in Pennsylvania hint at a building anti-GOP wave that may overturn the party’s majority in Congress.

Ryan’s plans were reported earlier by Axios.

He took the speaker’s post in late 2015 after fellow Republican John Boehner stepped aside and his heir apparent — Majority Leader Kevin McCarthy — abruptly dropped out of the race to replace him.

The Wisconsin native has struggled to manage the often difficult and thankless task of wrangling the fractious Republican conference. A former chairman of the House Budget Committee, Ryan — who was first elected to Congress in 1998, at the age of 28 — has spent much of his career focused on fiscal policy. He’s focused particularly on pressing the need to rein in entitlement growth.

Pennsylvania Republican Representative Ryan Costello said Ryan indicated his decision was a “deeply personal” one, made so he could spend more time with his family and not a reflection of the political challenges Republicans face in November.

‘Steadfast Commitment’

House Minority Leader Nancy Pelosi of California said in a statement, "Despite our differences, I commend his steadfast commitment to our country. During his final months, Democrats are hopeful that he joins us to work constructively to advance better futures for all Americans."

Another potential contender for speaker is North Carolina’s Mark Meadows, chairman of the conservative Freedom Caucus. “Leadership positions were never on my bucket list,” Meadows said in an email.

Meadows told reporters he will push Ryan to continue pressing the conservative agenda. “Sometimes when someone is leaving they become more bold and not less,” he said.

Ryan has easily been re-elected in his southeastern Wisconsin district since first winning the seat in 1998. While Trump won the district by 10 points in the 2016 election, Ryan won by 35 points.

There is no clear Republican replacement for Ryan in the race for Wisconsin’s first district, according to a person who worked on his campaign. Current GOP candidates include Paul Nehlen, a perennial candidate whose Twitter account was suspended for offensive content, and businessman Nick Polce.

Democratic Contender

The leading Democrat in the race is Randy Bryce, an Army veteran and ironworker. His campaign has support from the national party, and it said it raised $4.75 million through the end of March. Cathy Myers, a member of the local Board of Education, is also running as a Democrat.

If for no other reason, Ryan will be missed by his colleagues for his fundraising prowess. His time as a vice presidential candidate in 2012 helped him build relationships with a national network of donors and his policy positions were in sync with the sort of establishment Republicans who attend fundraisers.

During the first quarter of 2018, his joint fundraising committee — Team Ryan — pulled in $11.1 million. So far in the 2017-18 election cycle, he’s raised more than $54 million, a total Ryan’s political aides have called an unprecedented sum for a speaker’s political organization. More than $40 million of the total Ryan has raised has been transferred to the National Republican Congressional Committee, the main campaign operation for House Republicans.

So far this election season, Ryan has traveled to more than 30 states and more than 70 cities to raise money. He’s likely to maintain a robust fundraising schedule the rest of this election year, although with his planned exit from power he’s not likely to be as hot a ticket on the fundraising circuit.

— With assistance from Kathleen Hunter, John McCormick, Erik Wasson and Terrence Dopp

Bloomberg News
Finance, investment and tax-related legislation Paul Ryan Donald Trump
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