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Paul Ryan and Joe Biden after the vice presidential debate in 2012. Photo: Justin Sullivan/Getty Images

Former House Speaker Paul Ryan (R) on Tuesday called on President Trump to concede the election to President-elect Biden and "embrace the transfer of power," in an address at a financial conference first reported by Politico.

Why it matters: Trump has continued to deny that he lost the election, despite his administration granting so-called "ascertainment" on Monday, allowing the transition to formally begin.

Background: Ryan's comments come as most members of the GOP's congressional leadership have not yet publicly acknowledge Biden as president-elect, arguing that multiple lawsuits filed by the Trump campaign needs to play out before the election is over.

  • "The election is over. The outcome is certain," Ryan said at Bank of America’s virtual European Credit Conference in remarks confirmed by the Washington Post. He added that the president's lawsuits "only serve to undermine our faith in our system of government, our faith in our democracy."
  • “[T]hese legal challenges to the outcome and the attacks on our voting system really need to stop, in my opinion. The outcome will not be changed..."
"[T]he mere fact that the president’s lawyers throw these sort of baseless conspiracy theories out at press conferences but offer no evidence of these in court tells you that there is not the kind of widespread voter fraud or systemic voter fraud that would be required to overturn the outcome of this election."
— Former House Speaker Paul Ryan

Ryan said the General Services Administration's "attestation is actually pretty important," but that Trump should publicly concede the election to "respect the will of the people."

  • "I really think it’s in the president’s best interest to acknowledge these things and not just have the GSA technically facilitate the transfer of power, but to embrace the transfer of power, the system we have."

Ryan praised Biden's ability to work with a divided government, describing the former vice president as "a very nice person. He keeps his word."

  • "Those of us who’ve worked with Joe, we disagree with each other but he’s not a disagreeable human being. ... He does put deals together, and that will be made much, much easier for him to operate like that and bring sides together if we truly have divided government."

Go deeper: The top Republicans who have acknowledged Biden as president-elect

Go deeper

Jan 26, 2021 - Politics & Policy

Biden on Trump's impeachment trial: "I think it has to happen"

President Biden told CNN Monday that he believes the impeachment trial of former President Trump "has to happen," but he does not think 17 Republicans will join Democrats to vote to convict.

Why it matters: Biden's comments are most concrete he has made about his views on Trump's second impeachment.

Dan Primack, author of Pro Rata
23 mins ago - Politics & Policy

Biden starts negotiating to raise capital gains tax rate

Illustration: Aïda Amer/Axios

President Biden wants to nearly double the capital gains tax paid by wealthy Americans, as first reported yesterday by Bloomberg and confirmed by Axios.

Counterintuitive: Biden's plan is better for private fund managers (hedge, PE, VC, etc.) than what he proposed during the campaign.

Scoop: Caitlyn Jenner makes it official for California governor

Caitlyn Jenner. Photo: Paul Archuleta/Getty Images

Former Olympic decathlete and reality TV star Caitlyn Jenner has filed her initial paperwork to run for governor of California and will officially announce her bid later today, her campaign tells Axios.

The big picture: Jenner, a longtime Republican, is seeking to replace Democratic Gov. Gavin Newsom in a recall election, hoping her celebrity status and name recognition can yield an upset in the nation's most populous state.