10 things you need to know today: November 18, 2022

Pelosi to step down as leader of House Democrats, hundreds of Twitter employees leave after Musk's ultimatum, and more

Nancy Pelosi
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1. Pelosi to step down as Democratic leader in next Congress

House Speaker Nancy Pelosi (D-Calif.) announced Thursday that she would not seek to stay on as leader of House Democrats in the next Congress. "The hour has come for a new generation to lead the Democratic caucus that I so deeply respect," Pelosi, who has spent two decades as party leader, said on the House floor. Rep. Steny Hoyer (D-Md.), 83, also plans to step aside as the No. 2 Democrat. Hoyer has endorsed Rep. Hakeem Jeffries (D-N.Y.), 52, to succeed Pelosi, 82. President Biden said Pelosi, the first woman to serve as House speaker, would be remembered as "the most consequential speaker" in the history of Congress.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.