Nancy Pelosi to Step Down as Democratic Leader

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.

Pelosi will go down in history as one of the most effective Speakers. She is a truly extraordinary politician — perhaps the best of our generation.