Nancy Pelosi to Run for House Minority Leader

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House Speaker Nancy Pelosi announced Friday she will try to retain her spot as leader of the House Democrats.

She said she would be running for minority leader when Congress convenes in January.

Pelosi's decision comes despite huge election losses that cost Democrats their majority in the U.S. House of Representatives.

Pelosi, 70, said many colleagues "have called with their recommendations on how to continue our fight for the middle class, and have encouraged me to run for House Democratic Leader."

"Our work is far from finished," she said in a letter to colleagues. "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. We have no intention of allowing our great achievements to be rolled back."

Rep. Jesse Jackson, Jr., D-Ill., has already voice his support for Pelosi.

"We're in a political storm, but we don't need to adopt an 'any leader in a storm' mentality," he said.

However, many in Pelosi's own party are calling for new leadership.

"You know, sometimes in this business it's difficult to know when to move on," Rep. Albio Sires, D-N.J., said.

"As good a leader as she has been, I don't think she's the right leader to take us forward," Rep. John Yarmuth, D-Ky., told WHAS-TV in Louisville.

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