Speaker Nancy Pelosi (D-CA) announced that she will step down as the Democratic leader but will remain a member of the House of Representatives.
Said Pelosi: “I will not seek re-election to Democratic leadership in the next Congress. For me, the hour has come for a new generation to lead the democratic caucus that I so deeply respect.”
Tellingly, Pelosi noted that she has “enjoyed working with three presidents,” even though she served during four presidencies.