Capitol Alert

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House Speaker Nancy Pelosi has decided to run for minority leader in the wake of a bruising election for Democrats that cost the party its majority in the House of Representatives.

Pelosi will give the speaker gavel to House Speaker-elect John Boehner, the Republican leader, when the 112th Congress convenes in January.

Pelosi has been pressured by some factions of the party to step aside after Democrats lost at least 71 seats in Tuesday's midterm elections, though some members have recently voiced support for a Pelosi bid to remain the Democratic leader.

The San Francisco Democrat tweeted her decision to run for minority leader today, citing fighting for health care reform and financial regulatory reform as key issues as key motivators:

Driven by the urgency of creating jobs & protecting #hcr, #wsr, Social Security & Medicare, I am running for Dem Leader.less than a minute ago via Twitter for BlackBerry®

RELATED: Is Pelosi's decision good for Obama's 2012 prospects?

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