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