Connect with us

Hi, what are you looking for?

Latest News

Pelosi says she’s running because she ‘needed to be able to still raise significant money’

Rep. Nancy Pelosi told a reporter Friday that she’s mainly running for office to raise money for herself and other Democrats.

Speaking with outlet Politico, the 83-year-old representative from California said her veteran status in Congress is a major asset for raising funds.

‘My focus is the House and presidency; you’re in a stronger position as a candidate,’ Pelosi told Politico in the interview. ‘You may not know this, but if you’re not a candidate, you really can’t raise money for yourself. And raising money for myself enables me to spend that on other people.’

‘For the House Democrats, though, I needed to be able to still raise significant money for them as a candidate,’ she added.

Pelosi declared her candidacy for her state’s 11th Congressional District representing San Francisco in a post on X, the platform formerly known as Twitter. It would be her 20th term in the House of Representatives.

She told the outlet Friday that she has been invigorated by the 2024 election cycle and prospect of taking back the House — and perhaps defeating former President Donald Trump, whom she would not address by name.

‘I feel so excited about the prospect of engaging people in this, I don’t want to use the word ‘fight,’ but this decision for our country,’ she said. ‘I feel I have a leverage, an influence, it’s not power — you know, I had power as speaker — it’s influence and that I shouldn’t underutilize it.’

Pelosi said her decision to run again for office has the full support of her husband.

‘I wouldn’t be doing it if he were objecting,’ she said. ‘He’s apolitical, but he knows what is at stake.’

First elected to Congress in 1987, the Democratic leader made history becoming the first female speaker in 2007, and in 2019 she regained the speaker’s gavel.

Pelosi stepped down from serving as leader of the House Democratic Caucus last year, passing the torch to current House Minority Leader Hakeem Jeffries, D-N.Y. She now serves among the rank-and-file, though Democratic lawmakers have dubbed her as ‘Speaker Emerita’ out of respect for her more-than-35-year tenure in the House.

Her announcement puts to rest any suggestion of retirement, though it comes amid concerns over the advanced age of numerous elected officials, including octogenarian Senate Majority Leader Mitch McConnell, R-Ky., 90-year-old Sen. Dianne Feinstein, D-Calif., and President Biden, who is 80.

Fox News Digital’s Chris Pandolfo contributed to this report.

This post appeared first on FOX NEWS

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Stock

On this week’s edition of Stock Talk with Joe Rabil, Joe features special guest, Bruce Fraser of Power Charting. Joe and Bruce discuss swing...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com