Huffpost Politics

Nancy Pelosi Announcement: House Minority Leader Set To Address Future

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In this Sept. 13, 2012 file photo, House Minority Leader Nancy Pelosi of Calif. gestures during a news conference on Capitol Hill in Washington. A temporary reduction in Social Security payroll taxes is due to expire at the end of the year and hardly anyone in Washington is pushing to extend it. Neither Obama nor Romney has proposed an extension, and it probably wouldn’t get through Congress anyway, with lawmakers in both parties down on the idea. (AP Photo/J. Scott Applewhite, File) | AP


WASHINGTON — Democratic Leader Nancy Pelosi says she'll announce Wednesday whether she'll continue in her current position or step down after her party failed to gain the 25 seats it needed to win the House majority.

When a few undecided races are called, Democrats will gain less than half of that number. But Pelosi, who raised millions of dollars to put Democrats back in power, has refused to say whether she'll relinquish or keep her leadership post, serve out the two-year term to which she was just elected, or retire.

She spoke while introducing some of the newly elected House Democrats at a news conference on Capitol Hill, where Congress was reconvening for a lame duck session.

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