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Pelosi is out. Expect heavy campaigning in CA — and cues for senior Dems in DC to follow suit.

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SAN FRANCISCO — Nancy Pelosi, the first female speaker of the House and one of the most powerful women in modern American politics, will retire from Congress next year.

The San Francisco Democrat, who announced her decision Thursday, had come under increasing pressure to step aside amid her party’s widening generational divide. Now 85, she defied political observers in 2023 when she ran for a 20th congressional term despite Democrats losing the House and her speakership the year before. But next year, she faced a tougher-than-expected group of primary challengers.

“I will not be seeking reelection to Congress. With a grateful heart, I look forward to my final year of service as your proud representative,” Pelosi said in a lengthy and emotional video posted on social media and addressed to San Franciscans.

One of the most formidable political tacticians of her generation, Pelosi had deflected speculation for months about her plans. Her announcement came two days after California voters overwhelmingly approved a measure to redraw the state’s congressional map to favor Democrats in next year’s midterm elections.

The question of Pelosi’s retirement timeline has for years been the subject of feverish speculation in San Francisco, a deep-blue and politics-obsessed city that has produced a stream of national Democratic leaders, including Gov. Gavin Newsom and former Vice President Kamala Harris. But Pelosi had hinted that she would make a major announcement after Tuesday’s election.

Now, the departure of one of the nation’s most recognizable Democrats, who was first elected to Congress in a 1987 special election, marks the end of an era. It also sets off a cascade of campaign maneuvering here as Democrats seize on the once-in-a-generation opportunity of an open House seat in this center of Democratic politics. And in Washington, Pelosi’s coming departure will prompt questions about the political futures of her senior-ranking congressional allies.

Pelosi already faced two serious Democratic challengers: Saikat Chakrabarti, a wealthy former tech executive and progressive organizer, and Scott Wiener, a prominent state lawmaker who has been angling to succeed Pelosi for years.

Another potential contender for the seat is San Francisco Supervisor Connie Chan, a progressive force inside City Hall who, much like Pelosi, is closely aligned with the city’s powerful labor movement. Pelosi has recently heaped attention on Chan, who’s been featured alongside the former speaker at several recent campaign events.

Pelosi’s departure will deprive Republicans of a chief antagonist they have used as a visceral foil since long before the Trump era — part of a decades-long effort by the GOP to cast Pelosi as a caricature of coastal elite liberalism.

Pelosi, while fading from center stage after stepping aside from her leadership post, continued to wield clout in party politics. She campaigned across the state this fall in support of Democrats’ redistricting measure and was central to the effort to resist President Donald Trump’s cuts to Medicaid and federal safety-net programs. Last year, Pelosi moved behind the scenes to help convince former President Joe Biden not to run for another term. And she’s continued to be a sounding board for Hill Democrats, including her successor, Hakeem Jeffries.

Some Pelosi allies said in recent days that they hoped she would run again, predicting she could help boost Democrats in the midterms.

“She’s back in her five-inch heels. This is not someone who gets lost in the hallways,” said Oakland Rep. Lateefah Simon, a first-term member who counts Pelosi as a mentor and described her as a force at the Capitol even after leaving leadership and recovering from an injury last year. “She has been one of the most consequential legislators in American history. That loss is going to be deeply felt.”

Pelosi has often said she meant to retire years ago but stayed on Capitol Hill to defend the Affordable Care Act — one of her crowning achievements as speaker — amid threats from Republicans. Then, she found herself embroiled in her party’s yearslong power struggle with Trump, who she, like many Democrats, cast as a threat to democracy.

Her farewell video, posted on social media, recalls highlights of Pelosi’s career, including leading efforts to rebuild in San Francisco after the 1989 Loma Prieta earthquake, responding to the HIV/AIDS epidemic, helping to create the city’s Presidio national park site and her trailblazing status as the first female speaker.

“I have truly loved serving as your voice in Congress, and I’ve always honored the song of Saint Francis, ‘Lord make me an instrument of thy peace,’ the anthem of our city,” Pelosi said. “That is why I want you, my fellow San Franciscans, to be the first to know.”

Pelosi also faced personal struggles in recent years that fueled speculation about her political future. Just before the 2022 midterms, David DePape broke into the Pelosis’ San Francisco mansion and attacked Paul Pelosi with a hammer. He was sentenced to life in prison on a slew of state and federal charges. And last year, she underwent hip replacement surgery after suffering an injury while traveling.

Pelosi, in a 2022 documentary by her daughter, filmmaker Alexandra Pelosi, reflected on the accomplishments and travails of her speakership — offering a sobering yet unapologetic take.

“Being speaker makes you a target — a target of misinformation, a target of mockery and sometimes a target of violence,” Pelosi said, before quoting from a prayer she once saw in Africa: “When one day I meet my maker … he will say to me: ‘Show me your wounds.’ … I’m proud of my wounds.”

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Congress

No DHS talks expected until Mullin is confirmed, White House official says

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The White House is holding off on further DHS funding negotiations until the Senate confirms Oklahoma Sen. Markwayne Mullin to lead the agency, according to a White House official, granted anonymity to share internal thinking.

Democrats have previously canceled meetings, and given Mullin is close to confirmation, the official said, aides to President Donald Trump believe it’s better to wait so he can be a “full and active” participant in funding talks from the DHS side.

The White House earlier in the day rejected a Monday morning meetingwith a bipartisan group of senators who have been negotiating to end the DHS shutdown. Democrats had previously canceled a Saturday meeting.

The Senate is scheduled to vote on Mullin’s confirmation shortly before 8 p.m. Monday.

Some Senate Republicans are aiming to meet with Trump on Monday night to discuss the DHS funding situation, although no meeting has been officially scheduled.

The meeting, according to two people with knowledge of the matter, would be to try to pitch Trump on a plan to fund all of DHS except specific pieces of ICE, which have already been funded through last year’s megabill.

Trump was in Memphis, Tenn., earlier in the day, attending an anti-crime event and paying a visit to Graceland, Elvis Presley’s former home.

Senate Majority Leader John Thune said he expected additional meetings Monday but declined to say who was involved: “Conversations continue,” he said.

Meredith Lee Hill contributed to this report.

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Congress

Hawley investigates FICO for mortgage credit scoring

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Sen. Josh Hawley is launching an investigation into how the dominant player in credit scoring prices its services for the mortgage market.

The Missouri Republican sent a letter Monday to Fair Isaac Corp., known more widely by its acronym FICO, announcing his intention to investigate the company’s price increases for credit scores. The lawmaker also sent a letter to the Federal Trade Commission urging the agency to do the same. Hawley argues that the increasing cost of credit scores is straining homebuyers in an already unaffordable market.

“These price increases are most damaging to the Americans who can least afford them. First-time homebuyers bear a disproportionate burden of the cost,” Hawley wrote in the letter to FICO, which was obtained exclusively by Blue Light News.

Hawley, who chairs a Judiciary Committee subpanel, added in his letter to the FTC that he wants the agency to “investigate unfair methods of competition and unfair or deceptive acts or practices” and that he believes it’s well-positioned “to investigate anticompetitive behavior at FICO” separate from his own probe.

FICO did not immediately return a request for comment.

Hawley has weighed in on the issue of rising credit score pricing before, but Monday’s letters draw one of the GOP’s key populist messengers further into a battle between FICO’s near-monopoly power and what some call an oligopoly of the three major credit bureaus, TransUnion, Equifax and Experian.

He is requesting FICO hand over a slew of documents and records as part of the investigation, which he said could meld into a separate, larger Judiciary Committee investigation into “potentially anticompetitive practices in the credit scoring market.”

FICO sells its algorithm for determining credit scores to the three bureaus, which collect consumer data to produce a larger credit report. (The bureaus are rolling out a competitor model, VantageScore.) Lenders use credit reports to determine potential homebuyers’ eligibility for a loan and charge those homebuyers for the cost of purchasing that information.

The credit bureaus raised alarm last year over significant increases in FICO’s prices — from 60 cents to $10 over the last five years. Lenders say that those costs can inflate to hundreds of dollars added to a homebuyer’s mortgage.

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No DHS meeting today

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The White House turned down a Monday morning meeting with a bipartisan group of senators who have been negotiating an end to the Department of Homeland Security shutdown, according to three people granted anonymity to disclose private discussions.

“Hopefully, a meeting gets set soon once Senate Republicans and the White House get on the same page. This comes as there’s been some positive headway in talks, particularly on body-worn cameras, sensitive locations, officer IDs, and training standards, with conversations continuing on masks, warrants, and use of force standards,” one of the people said.

Senators had hoped to meet Monday with Trump’s border czar Tom Homan morning after a Saturday meeting was canceled by Democrats.

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