McCarthy announces he won't run for re-election after being ousted as speaker

Rep. Kevin McCarthy, R-Calif., announced Wednesday that he will not seek re-election after being ousted as House Speaker. 

McCarthy made the announcement in an opinion piece for The Wall Street Journal. 

"No matter the odds, or personal cost, we did the right thing. That may seem out of fashion in Washington these days, but delivering results for the American people is still celebrated across the country. It is in this spirit that I have decided to depart the House at the end of this year to serve America in new ways.