Nancy Pelosi announces that she will step down as party leader in House of Representatives – video

Nancy Pelosi, the Speaker of the House of Representatives, announces that she will step down as the Democratic House leader. Pelosi says she will continue 'as a member of the House - speaking for the people of San Francisco, serving the great state of California and defending our constitution,' but adds that she will 'not seek re-election to Democratic leadership in the next Congress'. Republicans won back control of the House in the midterm elections, scraping a victory that many had expected to be a red wave of wins but instead turned into more of a trickle