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US House speaker (again) rules out presidential run

Speaker of the House Rep. Paul Ryan (R-WI) delivers remarks on Capitol Hill March 23, 2016 in Washington, DCRepublican US House speaker Paul Ryan on Tuesday ruled out a late run for the presidency, squelching speculation that he could be in contention at an eventual contested party nominating convention in July. Current Republican frontrunner Donald Trump has a healthy lead over his closest rival Senator Ted Cruz, who is trying to deny the billionaire the delegates needed for an uncontested nomination at the Republican party convention in Cleveland in July. If no one has the 1,237 delegates needed to win the nomination outright, the candidates head to a contested convention where — if the initial vote produces no winner — delegates would be unbound for subsequent ballots and allowed to vote for whoever they want.

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