Rep. Paul Ryan (R-Wis.) will not be running for president in 2012. (Chip Somodevilla/GETTY IMAGES)

“I sincerely appreciate the support from those eager to chart a brighter future for the next generation. While humbled by the encouragement, I have not changed my mind, and therefore I am not seeking our party's nomination for President. I remain hopeful that our party will nominate a candidate committed to a pro-growth agenda of reform that restores the promise and prosperity of our exceptional nation. I remain grateful to those I serve in Southern Wisconsin for the unique opportunity to advance this effort in Congress.”

Ryan has repeatedly denied interest in the presidency over the past year, the House budget committee chairman spent the last week thinking over a 2012 bid in Colorado.

As The Fix wrote last week, Ryan would have faced significant hurdles on the path to the nomination and would likely have caused controversy among Republicans by making his Medicare plan a major part of the presidential race.


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