Pelosi announces she will not run for leadership post after GOP wins House

House Speaker Nancy Pelosi says she will not run for a leadership post, a move that marks the end of an era and sets up a major shakeup for House Democrats.

In a speech on the House floor Thursday, Pelosi touted the party's legislative achievements under her leadership before saying: "Now we must move boldly into the future."

"The hour's come for a new generation to lead the democratic caucus," the speaker said.

Pelosi said she will continue "speaking for the people of San Francisco" as their congresswoman, but not seek re-election to a leadership post.

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 capital as a child, she never imagined she would go "from a housewife to House speaker."