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.
One of Washington’s best-wired Republicans said:
“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.