Nancy Pelosi Announces , She Will Step Down As , House Democratic Leader.<br />On November 17, House Speaker Nancy Pelosi, <br />who has led House Democrats for twenty years, <br />announced that she would step down from leadership.<br />'Time' reports that Pelosi said she will <br />continue to serve as a representative while <br />relinquishing her role as the Speaker of the House.<br />No matter what title you all, my colleagues, <br />have bestowed on me, speaker, leader, whip, <br />there is no greater official honor for me <br />than to stand on this floor and speak <br />for the people of San Francisco, Nancy Pelosi, Democratic Speaker of the House, via 'Time'.<br />This I will continue to do<br />as a member of the House, Nancy Pelosi, Democratic Speaker of the House, via 'Time'.<br />In 2002, Pelosi became the first <br />woman to lead a major <br />party in either chamber. .<br />In 2006, she first took up <br />the speaker's gavel following <br />midterm elections. .<br />When I think of Nancy Pelosi, I think <br />of dignity. History will note she is the <br />most consequential Speaker of the <br />House of Representatives <br />in our history, Joe Biden, President of the United States, via 'Time'.<br />When I think of Nancy Pelosi, I think <br />of dignity. History will note she is the <br />most consequential Speaker of the <br />House of Representatives <br />in our history, Joe Biden, President of the United States, via 'Time'.<br />The announcement comes just one <br />day after Republicans won enough <br />seats to gain control of the chamber. .<br />'Time' reports that the passing of <br />the torch is likely to empower the next <br />generation of Democratic leaders. .<br />Those leaders include <br />New York Rep. Hakeem Jeffries, <br />who is seen as a likely replacement for Pelosi. .<br />According to 'Time,' Representatives Katherine Clark of Massachusetts and Pete Aguilar of California <br />are also considered contenders.<br />According to 'Time,' Representatives Katherine Clark of Massachusetts and Pete Aguilar of California <br />are also considered contenders.<br />However, Rep. Kevin McCarthy, who won the Republicans' nomination for the job on Nov. 16, will likely get the gavel
