"I have made a decision to submit my name to my colleagues to once again serve as the Democratic leader," she told reporters at a press availability Wednesday morning.
Pelosi is one of the Democrats' most effective fundraisers and has proven to be one of the party's most effective legislative leaders in history. As the most powerful liberal in politics, she's also an emissary to progressive activists.
But that's made her a lightning rod for conservative criticism across the country, and Republicans have used her low approval ratings to wedge rank and file Democrats away from party leadership.
Pelosi will face no competition for the top post. The only question was whether she wanted to continue in to serve in the role at the age of 72 and without a majority of Democrats in the chamber. Democrats picked up some seats in the 2012 elections, but fewer than they had hoped for and not nearly enough to wrest back control of the chamber that they lost in the 2010 shellacking.