On November 17, Democrat Nancy Pelosi, first female speaker of the US House of Representatives, said she will step down as party leader. Pelosi said she would step down when Republicans take control of the chamber in January. \"I will not seek re-election to Democratic leadership in the next Congress,\" said Pelosi. The 82-year-old delivered an emotional speech in the House. She said, “The hour has come for a new generation to lead the Democratic caucus.” Republicans gained control with a narrow majority. Watch the video to know more.