Pelosi announces she is stepping aside as House Democratic leader

House Speaker Nancy Pelosi, the first woman to serve in the role, announced she would not seek a new term as the House Democratic leader, saying "the hour has come for a new generation to lead." The California Democrat has led her caucus since 2003, and said she would remain in Congress after winning reelection to a 19th term. Watch her speech announcing her decision on the House floor.