It’s official: Nancy Pelosi is finally abdicating her role as the Democratic congressional leader after two decades, presumably to focus on her lucrative stock-trading career.
Thank you all — and may God continue to bless the United States of America. pic.twitter.com/XDlQRwvDjY
— Nancy Pelosi (@SpeakerPelosi) November 17, 2022
Pelosi, aged 82, announced she will no longer lead the House Democrats after twenty years behind the helm, as Republicans are slated to take control of the House in the new year following victory in last week’s midterm elections. “I will not seek reelection to Democratic leadership in the next congress,” she said during a speech on Thursday. “Never did I think I’d go from homeowner to House Speaker,” she reminisced, dressed in a white suffragette suit on the House floor.
Nancy Pelosi was one of the most talented House Speakers at getting insanely rich, gonna miss her pic.twitter.com/DpJjaJnz1A
— Ken Klippenstein (@kenklippenstein) November 17, 2022
She did, however, state that she will continue to have a role in Congress, representing her San Francisco district. It remains unknown whom her successor will be, but it is widely anticipated that 52 year-old New York liberal congressman Hakeem Jeffries will become the heir. Pelosi is expected to serve as House Speaker until her elected term is finished. Her announcement was commemorated by President Joe Biden, who called her “the most consequential Speaker of the House of Representatives in our history.”
When I think of Nancy Pelosi, I think of dignity.
— President Biden (@POTUS) November 17, 2022
History will note her as the most consequential Speaker of the House of Representatives in history – she is first, last, and always for the people. America owes her a debt of gratitude for her service, patriotism, and dignity. pic.twitter.com/U2xvEVC1E5
Pelosi kept the future of her political career secret during the midterms, after speculation began to mount that she might finally step down following a violent attack on her husband Paul Pelosi. With an impressive political tenure almost behind her, the couple will likely focus on decking out their office to focus full-time on their lustrous investing careers.
She got the stocks she wanted… pic.twitter.com/kkM0KOPAyS
— Jaikool001 (@JC0MPH) November 17, 2022
Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.