In a social media video, Pelosi expressed gratitude for her role representing San Francisco. She says with a grateful heart, she looks forward to her final year in service.

Pelosi was elected House minority leader in 2002, becoming the most powerful woman in congressional history. In 2007, she became the first woman to serve as Speaker after her party gained majority control. Pelosi held the position until 2011 and returned as Speaker in 2019 when Democrats regained the House.

Following the Republicans’ return to power in 2022, she stepped down as the party leader but remained active in Congress.

California Governor Gavin Newsom praised Pelosi’s impact, stating she has inspired generations through her dedication to public service.

Trump reacted to her announcement, describing it as beneficial for America, accusing her of being corrupt and ineffective. Under her leadership, major legislation like the Affordable Care Act passed in the House. Pelosi often clashed with Trump during her tenure, famously confronting him in a 2019 White House meeting.

She oversaw Trump’s first impeachment in 2019, which resulted in his acquittal in the Senate.

Despite her retirement announcement, Pelosi remains a critical voice against Trump.

Legacy Acknowledged

Pelosi’s career is marked by significant achievements and controversies.

Her influence on healthcare and governance will shape discussions for years.

Lecornu, the fourth prime minister to resign under Macron, faced the challenge of addressing a significant budget deficit while managing a divided National Assembly.

France’s rising borrowing costs reflect its economic troubles. The CAC 40 index dropped by 2%, and the yield on 10-year bonds climbed to 3.6%. Critics, including Jordan Bardella of the National Rally, are calling for the dissolution of the National Assembly, arguing that such action is necessary for stability.

Upcoming elections could further weaken Macron’s legislative power. His earlier decision to dissolve parliament led to fragmentation, with left-wing and far-right parties gaining strength at the expense of Macron’s centrist coalition.

Government Instability

Lecornu was appointed after François Bayrou’s government collapsed. Bayrou faced backlash for proposing cuts to public spending, intensifying fiscal issues. Lecornu aimed to reform the approach of previous administrations but faced opposition from both ends of the political spectrum.

Rather than seeking cooperation, he appointed familiar figures from previous governments, drawing criticism from conservatives and leftists alike. Macron has been hesitant to engage with the leftist coalition that won the most votes in recent elections, complicating efforts to establish a governing majority.