McCarthy announces run for House speaker

House Majority Leader Kevin McCarthy, as widely expected, announced Monday that he will run for speaker as John Boehner prepares to step down at the end of next month.

"I have decided to run for Speaker of the House and graciously ask for your support," he said in a statement.

McCarthy, R-Calif., made the announcement three days after Boehner stunned Washington by announcing his resignation. Even before Monday's statement, McCarthy was seen as the heavy favorite to replace the Ohio Republican in the top post, though he faces a challenge from Florida Republican Rep. Daniel Webster.

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