Pelosi to Step Down as House Democratic Leader

House Speaker Nancy Pelosi announced she will step down as House Democratic leader, ending the history-making tenure as the first woman to serve as speaker and opening the way for a generational change in her party's congressional leadership. "I will not seek reelection to Democratic leadership in the next Congress," Pelosi said Thursday on the House floor. The 82-year-old will stay in Congress and represent her San Francisco district. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en