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Pelosi's progressive challenger called it the start of a "generational shift" in the Democratic Party.
Former House Speaker Nancy Pelosi is calling it quits after nearly four decades in Congress. On Thursday, the longtime Democratic leader announced that her 20th term in Congress will be her last and that she will not run for reelection in 2026.
"For decades, I've cherished the privilege of representing our magnificent city in the United States Congress," Pelosi (D-Calif.) said in a video tribute to her constituents in San Francisco. "That is why I want you, my fellow San Franciscans, to be the first to know I will not be seeking reelection to Congress. With a grateful heart, I look forward to my final year of service as your proud representative."
The departure of the 85-year-old Pelosi, the first and only woman to ever hold the speaker's gavel, comes at a critical crossroads for the Democratic Party, when the brand of corporate-friendly centrism she came to embody faces a crisis of credibility after failing to withstand the return of President Donald Trump, and an increasingly muscular progressive flank seeks to reshape the party in its image.
"Starting out as a progressive, Pelosi has steadily drifted to the center over the decades, coinciding with her rise up the party ranks, the gradual rise of her net worth, and even San Francisco’s transformation into an unaffordable playground for the rich," wrote Branko Marcetic in Jacobin when she stepped down from the role as the Democratic leader in 2022.
Once a proponent of universal healthcare, Pelosi will likely be remembered as one of the foremost obstacles to achieving Medicare for All, which she fought tooth and nail to block, with the support of the health insurance industry, during her final four years as speaker.
As the climate crisis grows more urgent and increasingly destructive, Pelosi will be remembered as the person who derided the nascent "Green New Deal" effort to transition America's economy toward renewables as "the green dream or whatever they call it."
As the Democratic Party's base reckons with its near-total shift against Israel following more than two years of genocide in Gaza, Pelosi—who previously backed funding for the Iraq War against the grassroots of her party—will be remembered as the person who, suggested that Democrats protesting for a ceasefire were spreading “[Russian President Vladimir] Putin’s message” and should be investigated by the FBI.
As Immigration and Customs Enforcement (ICE) rampages through American cities—including her beloved San Francisco—tormenting immigrants and citizens alike, Pelosi will be remembered for her role bending to Republican demands during the last government shutdown in 2019, to hand the agency more funding as part of a power play against the progressive "Squad" members who wanted to see the agency abolished or defunded.
And at a time when Americans struggle with a surging cost of living, Pelosi will be remembered as one of the people who profited most from her position at the heights of power. In 2024, she and her husband raked in more than $38 million from stock trading, more than any other member of Congress in either party, and remained a persistent defender of the humble elected representative's right to use their immense wealth of insider knowledge for personal gain.
Pelosi's retirement announcement comes at a moment when the Democratic establishment, particularly its congressional leaders—Senate Minority Leader Chuck Schumer (D-NY) and Pelosi's successor, House Minority Leader Hakeem Jeffries (D-NY)—face historic unpopularity with their own voters.
A survey published by Pew Research at the beginning of October found that 59% of self-identified Democrats disapprove of the job their leaders are doing. A previous poll from Reuters/Ipsos found that Democrats believe there was a large gulf between their governing priorities, like universal healthcare, affordable childcare, and higher taxes on the rich, and those of the party.
Pelosi's announcement comes just two days after the most significant triumph in decades for the progressive movement she tried to crush, with the democratic socialist state assemblyman Zohran Mamdani being comfortably elected as New York City's next mayor despite Pelosi's refusal to endorse.
"This is an appropriate response to Mamdani’s win," New Republic writer Indigo Oliver said of Pelosi's retirement on social media. "Chuck Schumer should follow Pelosi’s lead."
Even prior to her retirement becoming official, momentum was building behind a more progressive candidate to take Pelosi's seat as well: Saikat Chakrabarti, the former chief of staff for Rep. Alexandria Ocasio-Cortez (D-NY), who some have described as a "clone" of Mamdani, though he too has been met with criticism for his coziness with San Francisco's powerful tech sector.
"Pelosi’s retirement marks the end of an era in San Francisco politics and the beginning of a long-overdue generational shift," said an email from the Chakrabarti campaign.
"Voters have a right to know that their elected representatives are acting in the public's best interest and are not motivated by their personal financial interests," said the general counsel at the Campaign Legal Center.
The Senate Homeland Security and Governmental Affairs Committee on Wednesday narrowly voted in favor of advancing a bill that bars politicians at the federal level from trading stocks—with one highly notable exception.
As reported by Politico, Sen. Josh Hawley (R-Mo.) joined with all Democrats on the committee to advance a bill to ban stock trading by elected officials. However, to get Hawley's vote, Democrats had to agree to create a carveout for U.S. President Donald Trump and to apply the stock-trading ban only to future presidents.
Business Insider reported that, as written, the legislation "would ban members of members of Congress, the president, and the vice president from buying stocks immediately upon enactment, and would block them from selling stocks beginning 90 days after that."
"It would then require lawmakers to divest entirely from their stock holdings at the beginning of their next term, and it would require the president and vice president to do so beginning in 2029—after President Donald Trump's current term," the outlet explained.
Hawley took heat from fellow Republicans on the committee for advancing the legislation, including Sen. Rick Scott (R-Fla.), who accused his Missouri colleague of demonizing the wealthy.
"I don't know when in this country it became a negative to make money," said Scott. "How many of you don’t want to make money? Anybody want to be poor?"
Sen. Elissa Slotkin (D-Mich.) said that she wished that the law didn't have a carveout for Trump, but nonetheless supported advancing the bill and she described herself as "willing to make the good work instead of waiting for the perfect."
The bill's advancement out of committee earned plaudits from some government reform advocates. Craig Holman, a government affairs lobbyist with Public Citizen, encouraged the full U.S. Senate to take up a vote on the package while also explaining the proposed legislation's importance.
"Members of Congress frequently have access to nonpublic information about economic and business trends and are in a position of power to influence those trends," he said. "That is why the American public—Republicans, Democrats and Independents alike—has called for this type of legislation ever since a series of insider trading scandals erupted over the last several years."
Kedric Payne, the vice president and general counsel at the Campaign Legal Center (CLC), similarly praised the bill's advancement while also explaining why current transparency rules were no longer adequate.
"To prevent corruption and conflicts of interest, CLC has long called on Congress to update the STOCK Act, which merely requires members to disclose their transactions, and fully ban stock trading by sitting legislators," said Payne. "In the absence of these stronger rules, we've seen congressional stock trading proliferate. This has led to repeated examples of ethical violations and questionable financial activity, including during global health emergencies and times of great economic uncertainty."
Payne further emphasized that "voters have a right to know that their elected representatives are acting in the public's best interest and are not motivated by their personal financial interests."
The legislation advanced by Hawley and the Democrats was originally named after Rep. Nancy Pelosi (D-Calif.), the former speaker whose highly profitable stock trades have come under scrutiny in recent years.
Even though the bill has now made its way out of committee, it still faces an uncertain future in the full U.S. Senate where Republicans currently hold a 53-47 majority and where Democrats would need to win over some additional Republican converts on top of Hawley. And even should it pass the Senate, it's uncertain whether the legislation would be able to pass the Republican-controlled House of Representatives.
The striking of Iranian nuclear sites without congressional approval, said Rep. Alexandria Ocasio-Cortez, "is absolutely and clearly grounds for impeachment."
As U.S. President Donald Trump took to social media on Sunday night to express that regime change is on the table for Iran's government, the call from Democratic lawmakers and outside progressive voices for his impeachment continued to grow following the weekend bombing of Iranian nuclear sites.
"It's not politically correct to use the term, 'Regime Change,'" Trump posted on Sunday night on Truth Social, one day after the U.S. struck three sites in Iran overnight on Saturday. "But if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change??? MIGA!!!"
"So we DIDN'T destroy Fordo and we ARE doing regime change? How are there proponents of this anymore?" wrote Sen. Chris Murphy (D-Conn.) on Monday.
On Saturday, the United States dropped several 30,000-pound bunker buster bombs on Fordo, Iran's heavily fortified nuclear facility. Facilities at Natanz and Isfahan were also targeted.
Independent experts who viewed satellite imagery of the areas told NPR that the strike left Iran's nuclear program damaged but not destroyed.
In remarks on Monday, Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), said, "Given the explosive payload utilized, and the extreme vibration-sensitive nature of centrifuges, very significant damage is expected to have occurred." Speaking to the IAEA's board of governors, Grossi called for an immediate cease-fire between Israel and Iran so that inspectors could view and assess the damage to the targeted sites.
Prior to the attacks, U.S. intelligence agencies had assessed that Iran was not attempting to build a nuclear weapon.
Even before Trump made his comments about regime change on Sunday, multiple Democratic members of Congress took to social media to say that Trump's strikes on Iran constitute an impeachable offense.
"[Trump] has impulsively risked launching a war that may ensnare us for generations," Rep. Alexandria Ocasio-Cortez (D-N.Y.) wrote on X. "It is absolutely and clearly grounds for impeachment."
Meanwhile, Rep. Sean Casten (D-Ill.) wrote on Sunday: "This is not about the merits of Iran's nuclear program. No president has the authority to bomb another country that does not pose an imminent threat to the U.S. without the approval of Congress. This is an unambiguous impeachable offense."
Consumer advocate Ralph Nader wrote that Rep. Jamie Raskin (D-Md.), "the leading constitutional expert in Congress," should launch an impeachment push. Nader urged Raskin to file an article of impeachment against Trump for "engaging in a major war without a Congressional declaration."
"MAGA claimed to be anti-war when they voted for Trump. Well, he has betrayed you. Time to stand for your principles. Sign the War Powers Resolution and impeach Trump," wrote Saikat Chakrabarti, who is running for Rep. Nancy Pelosi's (D-Calif.) seat in Congress.
The journalist Scott Dworkin wrote "Congress must impeach and remove Trump. Period."
Reps. Thomas Massie (R-Ky.) and Ro Khanna (D-Calif.) introduced a war powers resolution in the U.S. House last week, asserting the constitutional requirement of congressional approval for any declaration of war. Sen. Tim Kaine (D-Va.) introduced one in the Senate.
Trump's comments about regime change came hours after Trump administration officials told the media earlier on Sunday that getting rid of Iran's leadership is not the administration's goal.
"This mission was not, and has not been, about regime change," Defense Secretary Pete Hegseth said in a press conference on Sunday morning. "The president authorized a precision operation to neutralize the threats to our national interests posed by the Iranian nuclear program."
Vice President J.D. Vance said on NBC News on Sunday morning: "Our view has been very clear that we don't want a regime change."