The full details are not in yet. But it appears that Nancy Pelosi has come to an agreement with current Majority Whip James Clyburn that will have him taking a yet-to-be-named number three position in the Democratic House leadership in the 112th Congress.
That means Pelosi is leader, Hoyer is whip and John Larson, the Caucus chair who seemed most likely to get cut in any deal, remains Caucus chair in the next Congress.
In other words, the musical chairs crisis created by the fact that there are four leadership slots in the majority and three in the minority has been solved by creating a fourth slot in minority too. Ingenious. It sounds like Charlie Rangel gets his wish.