House Speaker Paul Ryan reportedly tells confidants he won't seek re-election

House Speaker Paul Ryan has told confidants he will soon announce he won't run for re-election in November, Axios reported Wednesday, citing sources described as having knowledge of the conversations. People cited by Axios reportedly said that after the Wisconsin Republican Ryan saw the tax overhaul passed, he was ready to step out of the job. Top contenders to replace him are Reps. Kevin McCarthy and Steve Scalise.