Nancy Pelosi announces re-election bid

Democratic House Speaker Nancy Pelosi made history as the first woman to serve in the role. In the midst of speculation surrounding her eventual retirement, Pelosi announced that she is running for another term this week.

Pelosi took to social media to announce that she would be running for another term as House Speaker. The announcement comes amidst growing speculation that she might decide to retire after serving in the House for over 30 years. This also comes in the midst of announcements that 29 House Democrats will not be seeking re-election in the November midterms.

“While we have made progress, much more needs to be done to improve people’s lives. This election is crucial: Nothing less is at stake than our Democracy. But we don’t agonize – we organize. I am running for re-election to Congress to deliver For The People and defend Democracy – NP,” tweeted the House Speaker.

Pelosi did not indicate that she is making another bid for another term as House Speaker. Back in 2018, Pelosi said that it would be her last term as the top Democratic leader.

With 29 House Democrats not seeking re-election, polls have shown that Republicans are more confident that the GOP would reclaim the House majority following the midterm elections. While Pelosi is expected to win her re-election bid in her predominantly Democratic-leaning district, the Democratic Party faces an uphill battle in the November midterm elections.

Previously, 27 lawmakers have called on Pelosi as well as House Minority Leader Kevin McCarthy to bring a proposal banning current members of Congress from trading stocks to the floor for a vote. 27 House lawmakers co-signed a letter by Democratic Rep. Jared Golden calling the leaders to immediately bring the legislation to bar members of Congress from owning or trading stocks.

25 Democrats and two Republicans have co-signed the letter calling on Pelosi and McCarthy to take the legislation to the floor for a vote.

“This glaring problem will not go away until it is fixed and Congress should not delay when we have the power to fix it,” said the letter.

“Perhaps this means some of our colleagues will miss out on lucrative investment opportunities. We don’t care. We came to Congress to serve our country, not turn a quick buck,” the letter added.