BREAKING: Paul Ryan to announce retirement from Congress

BREAKING: Paul Ryan to announce retirement from Congress
Paul Ryan (Image: Christopher Halloran/Shutterstock)

House Speaker Paul Ryan has told confidants that he will announce soon that he won’t run for re-election in November, according to sources with knowledge of the conversations.

Why it matters: House Republicans were already in a very tough spot for the midterms, with many endangered members and the good chance that Democrats could win the majority.

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One of Washington’s best-wired Republicans said:

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“This is a Titanic, tectonic shift. … This is going to make every Republican donor believe the House can’t be held.” The announcement will help Senate Majority Leader Mitch McConnell (R-Ky.) in his fundraising because “the Senate becomes the last bastion,” the Republican said.

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