Ryan: Trump 'disappointed' by Speaker's decision to retire

"Just this past term so much has been accomplished by Speaker Ryan and President Trump". A policy wonk, he's not a skillful political operative.

Costello, Mast and most other Republicans stuck to their message in the hallways of Congress Wednesday morning, but speaking on background and away from cameras, many GOP lawmakers expressed concerns.

Rep. Mark Meadows, R-N.C., chairman of the House Freedom Caucus, predicted Wednesday that the race to replace Ryan as speaker will be settled before the midterm elections.

There were compelling political reasons for Ryan to bow out.

First, House Republicans will nearly certainly lose seats in the midterm elections; the only real question is how many. The last one in October raised $5 million and included several stops in several West Coast cities.

That's also true elsewhere, and Republicans fear losing their House majority.

House Majority Leader Kevin McCarthy, a Republican from California known to be tighter with Trump, is expected to seeking the speaker post.

"Trump as president has been a challenge for traditional Republicans like Ryan". Ryan was a protege of the late Jack Kemp, the quarterback-turned-legislator who was the prime advocate starting in the 1970s and 80s of an opportunity-based, inclusive and tolerant Republican conservatism.

The House speaker had made tax cuts a centerpiece of his legislative agenda, and Congress delivered on that late past year.

On immigration, trade and fiscal policy, Ryan was at odds with the Trump. But the reality of the situation is that most politicians run for office with just one objective - getting re-elected. So did Trump's former White House chief of staff Reince Priebus, who once lived in the district.

In Wisconsin, the most likely Republican candidate for Ryan's seat is state Assembly Speaker Robin Vos, multiple Republicans in the state said.

But Republican lobbyists told Bloomberg Law there's little sign conservatives can actually pass the kind of entitlement reform Ryan has long sought: Medicare premium support, often called "voucherizing" of Medicare.

"He will serve out his full term, run through the tape, and then retire in January".

Conservatives appear to want the speakership vote to be held after the elections, to give new members, not outgoing ones, a vote.

McCarthy has worked hard to make peace with right-wing factions and has become fairly close to Trump.

He was GOP presidential nominee Mitt Romney's running mate in 2012.

He later briefly thanked Trump in public for giving him the chance to move GOP ideas ahead.

Tickets start at $10,000 for a pair and that includes a picture with the vice president.

Albert R. Hunt is a Bloomberg View columnist.

On the Senate floor on Wednesday, minority leader Charles Schumer (D) of NY urged Ryan to use his "newfound political freedom ... to break free from these hard-right factions" in his caucus that contributed to gridlock and to reach across the aisle and work with Democrats.

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