House Speaker Nancy Pelosi announced that she would relinquish her leadership post on Thursday, after leading House Democrats for two decades, building a legacy as one of the most powerful and polarizing figures in American politics.
Pelosi, the first and only woman to serve as Speaker, said that she would continue to serve in the House, giving the next generation the opportunity to lead the House Democrats, who will be in the minority next year despite a better-than-expected midterm election performance.
“I will not seek reelection to Democratic leadership in the next Congress,” said Pelosi in the House chamber on Thursday. “For me, the hour has come for a new generation to lead the Democratic caucus that I so deeply respect, and I’m grateful that so many are ready and willing to shoulder this awesome responsibility.”
Pelosi touted the party's legislative achievements under her leadership before saying: "Now we must move boldly into the future." Pelosi said she will continue "speaking for the people of San Francisco" as their congresswoman.
Her announcement comes after Democrats lost a majority in the lower chamber but maintained control of the Senate in the 2022 midterms, holding off a potentially larger “red wave.”
Pelosi said that when she first visited the US Capitol as a child, she never imagined she would go "from a home maker to House speaker."
Read more about Pelosi's announcement here.