In a statement, she said she was “driven by the urgency of creating jobs and protecting” healthcare and Wall Street reforms, Social Security and Medicare.
"As a result of Tuesday's election, the role of Democrats in the 112th Congress will change, but our commitment to serving the American people will not,” she said in the statement. “ We have no intention of allowing our great achievements to be rolled back. It is my hope that we can work in a bipartisan way to create jobs and strengthen the middle class.”
In the immediate aftermath of Democrats’ losses Tuesday, Pelosi had said she would first speak with her colleagues before making a decision. Friday's announcement follows a conference call with other Democratic leaders.
Some conservative Democrats have already said they would not back her to lead the party in the House, including Utah's Jim Matheson, who leads the conservative Blue Dog Caucus. (Full story)