KEY POINTS
  • House Speaker Nancy Pelosi announced she will step down from her congressional leadership role, ending a two-decade streak as the top House Democrat.
  • Pelosi, speaking on the House floor, said she will remain a member of Congress and serve out the term to which she was just elected.
  • The announcement came less than a day after news outlets projected that Democrats would narrowly lose their House majority to Republicans following the midterm elections.

House Speaker Nancy Pelosi announced Thursday she will not seek reelection to her congressional leadership role, ending a two-decade streak as the top House Democrat that saw her become the first woman to lead the chamber.

Pelosi, speaking on the House floor, said she will remain a member of Congress and serve out the term to which she was just elected.