ICYMI: Nancy Pelosi says she is stepping back from Democratic leadership.
is stepping back from leading her party in the House of Representatives ... she says she will NOT seek reelection to Democratic leadership in the next Congress.
The Speaker of the House made the big announcement Thursday at the Capitol, in the wake of Democrats losing control of the House to Republicans in the midterm elections.Nancy says instead of serving as House Minority Leader, she will serve as a member of the House representing San Francisco ... explaining it's time for the party to move boldly into the future with a new generation of leaders.
Pelosi, the first woman to ever lead a party in Congress, was swarmed by her colleagues after her speech ... sharing hugs and shaking hands on the House floor, and getting emotional. First elected to the House in 1987, Nancy rose to become the first woman to serve as Speaker of the House ... and she says she's proud to see more women and minorities among the House ranks, increasing from only a dozen when she started to nearly 100 now.
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