Jonathan Swan and Mike Allen—Axios:
Speaker Paul Ryan told House Republicans this morning that he will not run for re-election in November.
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.
Paul Ryan, taking his tax cut and going home. I’ve heard no greater indication that the GOP House majority is likely coming to an end than this. Nobody willingly steps down from so lofty a post unless they hear footsteps a’comin’.
#GOP #PaulRyan #retiring