Update: At a press conference, Ryan explained that his decision not to run for re-election is a personal one. Serving as a representative has been one of the "two greatest honors" of his life, Ryan said on Capitol Hill. The other is being a husband and a father.
"If I spend another term, my kids will only have known me as a weekend dad," he said. "I can’t let that happen."
But, he's "not done yet." He fully intends to serve out his term.
While he recalled that he did not initially want the position as speaker, he is "grateful" for having served.
President Trump wished him well.
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!— Donald J. Trump (@realDonaldTrump) April 11, 2018
House Speaker Paul Ryan is not running for re-election, according to reports.
Can confirm @jonathanvswan scoop that Paul Ryan will tell colleagues today that he’s not running for re-election. A source with direct knowledge tells me he’ll inform his staff at 8:45. Story TK— Elaina Plott (@elainaplott) April 11, 2018
While this seems to put Republicans in a tough spot just months from the midterms, Rep. Steve Scalise (R-LA) reacted to the news on Fox News noting that he's not worried about their chances. Voters know what's at stake, he said.
CNN's David Chalian said the battle for the speakership now comes down to Scalise and GOP Leader Kevin McCarthy.
Ryan's counselor Brendan Buck issued the following statement, noting he is not resigning and will serve out his full term. It is Ryan's 20th year in Congress.
The speaker is expected to address the press on Capitol Hill at 10 a.m.