The top Republican in the US House of Representatives, Paul Ryan, has decided to retire when his term ends, casting his party into a leadership fight ahead of crucial mid-term elections.
The bombshell was delivered by the speaker's counselor, Brendan Buck, who said Ryan would not seek re-election in November.
"He will serve out his full term, run through the tape, and then retire in January," Buck said in a statement.
Trump paid tribute to Ryan as "a truly good man." "While he will not be seeking re-election, he will leave a legacy of achievement that nobody can question. We are with you Paul!" the president tweeted following the announcement.
"After nearly twenty years in the House, the speaker is proud of all that has been accomplished and is ready to devote more of his time to being a husband and a father," Buck said.
"While he did not seek the position, he told his colleagues that serving as speaker has been the professional honor of his life, and he thanked them for the trust they placed in him." Chuck Schumer, the top Democrat in the US Senate, praised Ryan as "a good man who is always true to his word."
He expressed hope that in his remaining time in Congress, Ryan would "break free from the hard-right factions of his caucus that have kept Congress from getting real things done.
"If he's willing to reach across the aisle, he'll find Democrats willing and eager to work with him." Ryan's decision sets up a fight for the Republican leadership in the House, with majority leader Kevin McCarthy and majority whip Steve Scalise seen as the top contenders for the speakership.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)