Speaker Paul Ryan to Retire

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House Speaker Paul D. Ryan will tell his colleagues Wednesday that he will not seek re-election, news outlet Axios reported.

His announcement could come Wednesday morning when House Republicans have their regular weekly meeting.

Mr. Ryan has been speaker for a little over two years, and has overseen a turbulent time, facing down conservative rebellions and securing a large tax cut, but failing to repeal Obamacare.

His goal of rewriting the federal budget to bring more accountability to social spending programs has also stumbled in the face of opposition even from within his own party. …

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