Spokesman says Ryan will serve out his term

Spokesman says Ryan will serve out his term

Brendan Buck, counselor to the speaker, says the "the speaker is proud of all that has been accomplished".

House Speaker Paul Ryan has informed those close to him that he would not actively seek re-election, publicly announce the decision on Wednesday. Ryan has served in the House of Representatives since 1999, and though sources say it's likely he would receive a re-election bid, he would have a more hard opponent to face in Democrat Randy Bryce.

Two people with knowledge of the Wisconsin lawmaker's thinking said Ryan has decided against seeking another term.

Ryan's plans have been the source of much speculation, amid Republican concerns over keeping their majority in the House of Representatives.

Ryan's decision not to seek re-election will only reinforce the belief among Republicans that they will struggle to retain control of the chamber, Axios reported. It's also being said that after accomplishing his longtime dream of passing tax reform, Ryan is ready to move one.

Just weeks ago, Ryan's office was pushing back against a Republican congressman's suggestion that the GOP leader would soon be stepping down as speaker.

Ryan was elected by his colleagues in 2015 to replace John Boehner as speaker following Boehner's retirement. Ryan, 48, was the Republican vice-presidential nominee in 2012, running with Mitt Romney in a failed bid against Democrat President Barack Obama.

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