House Majority Leader McCarthy announces run for speaker

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

The news by McCarthy, R-Calif., comes three days after Boehner announced his resignation.

Prior to his statement yesterday, McCarthy was seen as the favorite to replace the Ohio Republican in the top post, though he faces a challenge from Florida Republican Rep. Daniel Webster.

Read more from Fox News.