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U.S. Rep. Paul Ryan declares candidacy for House Speaker

U.S. Congressman Paul Ryan has formally declared his candidacy for Speaker of the House of Representatives after receiving overwhelming support from within the Republican Party.

Ryan, a Republican from Wisconsin, announced his decision in a letter to fellow lawmakers.

"I never thought I'd be speaker. But I pledged to you that if I could be a unifying figure, then I would serve - I would go all in. After talking with so many of you, and hearing your words of encouragement, I believe we are ready to move forward as a one, united team. And I am ready and eager to be our speaker," the congressman said. "This is just the beginning of our work. There is a long road ahead. So let's get started."

Republicans are scheduled to nominate a new speaker on October 28, with a full vote by the House taking place the next day.

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