Mike Madigan

Illinois House Speaker Michael Madigan (Ill. House photo)

A statement from Illinois House Speaker Michael Madigan says that he'll suspend his campaign for House Speaker. Madigan has held the position for nearly forty years.

Madigan's Monday statement noted that he is not withdrawing from consideration. He says he has always put the interests of the House Democratic Caucus and its members first.

Madigan fell short the 60 votes needed to speaker over the weekend.

Madigan has been experiencing fallout after he was implicated, but not charged, in an alleged bribery scheme involving utility giant ComEd. Several people in Madigan's close orbit have been charged with bribery.

A number of Democrats have emerged as hopefuls to take Madigan's place as House Speaker including Oswego State Representative Stephanie Kifowit.