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Paul Ryan not running for president

Rep. Paul Ryan will not be running for president.

"While humbled by the encouragement," the Wisconsin congressman said in a statement, "I have not changed my mind, and therefore I am not seeking our party's nomination for President." 

Because of dissatisfaction with the Republican field from the establishment wing of the party, there have been continued rumblings of a Ryan or Gov. Chris Christie (R-NJ) candidacy.

Ryan has been a hero of conservatives for his budget plan that cut and restructured entitlements. But, because of his budget, he has also been a lightning rod, attracting criticism from the left for proposing partially privatizing Medicare.

Full statement below, posted on Ryan for Congress:

"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."