Pelosi is stepping down from Democratic leadership after four decades at the helm of the party.

The Democratic Party's longest-serving House leader has declared that she would not fight for re-election in the upcoming Congress. She will, however, remain as Democrats usher in a 'new age.'

House Speaker Nancy Pelosi, who has led House Democrats for the past two decades, said on Thursday that she will stand aside in the new year to make way for a "new generation" of leaders.

"I will not seek re....