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House Minority Leader Nancy Pelosi announced Wednesday that she will keep her position for the next two years.

The 72-year-old San Francisco Democrat first met with fellow Democrats in a closed-door caucus session.

Pelosi will still need to win election to the post, though that is all but guaranteed. Pelosi's career announcement capped an extended period of speculation that began even before the Nov. 6 election, in which Democrats gained a handful of seats but failed to reclaim control of the 435-member House.

In January 2007, Pelosi made history when she was sworn in as the first female speaker of the House of Representatives,Surprising some, Pelosi had likewise previously retained her leadership position after her Democrats lost the House in a 2010 election in which Pelosi's liberal views were much exploited by GOP operatives. She spent much of the last two years raising more than $72 million on behalf of congressional Democrats.

Pelosi's decision postpones for now a leadership scramble, that could eventually pit generations against one another. Her two most senior deputies, House whip Steny Hoyer and Assistant Leader James Clyburn, are both in their 70s. Other Democratic up-and-comers are markedly younger.


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