I'm Virginia Allen, and I'm Jillian Richards, and this is the daily signal top news for

Thursday, November 17th.

Here are today's headlines.

House Speaker Nancy Pelosi has led the House Democratic Conference for almost two decades.

Today she announced she is stepping down from the role.

Speaking to her colleagues on the House floor, Pelosi said she will not seek re-election

to the Democratic leadership per Penny Johnson.

And with great confidence in our caucus, I will not seek re-election to Democratic leadership

in the next Congress.

For me, the hours come for a new generation to lead the Democratic caucus that I so deeply

respect.

And I'm grateful that so many are ready and willing to shoulder this awesome responsibility.

Following Pelosi's announcement, President Biden said in a statement that we owe Pelosi

a deep debt of gratitude for her service, her patriotism, and above all her absolute dignity.

Pelosi has not said who she will support to take her leadership position, but a member

of New York appears to be the likely candidate.

Our Democrat Representative Hakeem Jeffries is chair of the House Democratic Caucus and

a member of the Congressional Black Caucus.

CNN reports he has been seen as a favorite to take on the role of leader of the Democratic

Caucus.

Now that the Republicans have control of the House, they plan to investigate President

Biden's involvement in his son Hunter's business dealings.

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