Ryan bemoans "broken politics" in farewell address – live stream

By Holly Rosenkrantz

/ CBS/AP

House Speaker Paul Ryan will bemoan America's "broken politics" in a farewell speech Wednesday, calling Washington's failure to overhaul costly federal benefit programs "our greatest unfinished business."

How to watch Paul Ryan's farewell speech

Paul Ryan's remarks

"Our complex problems are solvable," Ryan will say, according to prepared remarks obtained by the Associated Press. "That is to say, our problems are solvable if our politics will allow it." The Wisconsin Republican and former vice presidential candidate is speaking at the Library of Congress, across the street from the Capitol where he served two decades in the House of Representatives.

Ryan is returning to the place where he laid out his leadership vision three years ago when he became House Speaker.

As part of his departure from Congress, Ryan's office this week released a video series highlighting the 2017 tax cuts that he sees as the central part of his legacy. Ryan, 48, was chairman of the tax-writing House Ways and Means Committee before he became speaker. And in 2012, he was Republican presidential nominee Mitt Romney's running mate.

As Ryan has shifted his focus to his retirement from Congress, he has sought to emphasize less partisan themes in his public appearances. He decried "tribalism" and "identity politics" in an interview with CBS News' "Face the Nation" before the midterm elections and told the Washington Post last month he wished he could have accomplished more on immigration reform and addressing the nation's growing debt.

First published on December 19, 2018

© 2018 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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