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MADISON, Wis. - Paul Ryan released a statement Monday saying he has decided not to run for president.

“After giving it a lot of thought, I've decided not to run for president,” Ryan said in a statement. “Our work at the House Ways and Means Committee over the next few years will be crucial to moving America forward, and my job as Chairman deserves undivided attention.”

Ryan was the Republican candidate for vice president in 2012. There had been much speculation about his ambitions for 2016.

Ryan thanked everyone who encouraged him to run and the people of Wisconsin for giving him the opportunity to serve.

"It's clear our country needs a change in direction. And our party has a responsibility to offer a real alternative. So I'm going to do what I can to lay out conservative solutions and to help our nominee lead us to victory.


Copyright 2015 by Channel 3000. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Paul Ryan announces decision not to run for president

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