Pelosi to stay on as House Democratic leader

Olivier Knox

Nancy Pelosi told House of Representatives Democrats on Wednesday that she plans to stay on as minority leader, according to a source close to the San Francisco lawmaker.

"She will continue to serve as Democratic Leader. She has just announced her decision to her caucus," the source told reporters on condition of anonymity. Pelosi was scheduled to hold a 10 a.m. press conference with House Democratic women.

"Ten years ago today, Nancy Pelosi was elected as the first woman to lead a political party in Congress," said the source. "She will continue to lead a united Democratic caucus that will play a crucial role in developing a responsible deficit reduction package—working with President Obama and our colleagues in the Senate—that protects Social Security and Medicare, the middle class and children, while asking the wealthiest Americans to pay their fair share."