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House Minority Leader Nancy Pelosi announced at a Wednesday morning press conference that she will seek another term as the Democratic leader.

There's been speculation on whether Pelosi would run again, as Democrats failed to gain back the majority for the second cycle in a row. But Pelosi told Democratic colleagues Wednesday morning that she wants them to reelect her.

Pelosi announced the news at a press conference ostensibly to tout the increased number of Democratic women in Congress.

A reporter asked Pelosi if by staying in leadership she was preventing younger leaders from taking command of House Democrats. As the Democratic women surrounding her booed, Pelosi said, "Next. You always ask that question except to Mitch McConnell."

Pelosi continued, "Let's for a moment treat this as a legitimate question, though it's quite offensive. ... Everything I have done in my decade of leadership is to elect younger and newer people to Congress." She finished, "The answer is no."

Pelosi told the Democratic caucus she would run again stay if Steve Israel was willing to take on chairing the Democratic Congressional Campaign Commitee again, according to someone in the meeting. Pelosi got a standing ovation and a round of cheers of two more years.