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Photo: Alex Wong/Getty Images

Nancy Pelosi (D-Calif.) was reelected as Speaker of the House at the start of the new session of Congress on Sunday.

Why it matters: Pelosi had little wiggle room to lose votes from members of her party, as absences from the coronavirus pandemic complicated the matter. She needed the majority of votes from lawmakers present in the chamber.

  • In a Dear Colleague letter to her fellow Democrats before the vote Sunday, Pelosi wrote that she was "confident that the Speaker’s election today will show a united Democratic Caucus ..."

Pelosi, 80, was the House Speaker between 2007 and 2011, when Democrats had the majority in the House, and again since 2019. She has served in Congress since 1987 and has lead Democrat in the House since 2003.

  • She is the first and only woman to serve as Speaker.

Flashback: Pelosi faced the greatest challenge to her speakership in 2019, when 15 Democrats — all centrists — opposed her ascendancy to the role after eight years in the minority.

Go deeper

Capitol Police officer who died after pro-Trump riot will lie in honor

A vigil honoring United States Capitol Police Officer Brian Sicknick inside the U.S. Capitol on Jan. 28. Photo: Tasos Katopodis/Getty Images

Capitol Police officer Brian Sicknick, who died in early January from injuries sustained while responding to the siege on the Capitol by a pro-Trump mob, will lie in honor in the U.S. Capitol Rotunda, House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.) announced Friday evening.

Why it matters: Lying in honor is a final tribute reserved only for private citizens who have rendered distinguished service to the nation, according to the Architect of the Capitol.

Dion Rabouin, author of Markets
4 mins ago - Economy & Business

Stock buybacks are kicking back into high gear

Illustration: Aïda Amer/Axios

It was expected that with the economy improving and company balance sheets already loaded with cash, U.S. firms would slow down their debt issuance in 2021 after setting records in 2020. But just the opposite has happened.

Why it matters: Companies generally issue bonds for one of two reasons — because they're worried about not having enough cash to cover their expenses or because they want to lever up and make risky bets.

Ben Geman, author of Generate
53 mins ago - Energy & Environment

Japan vows deeper emissions cuts ahead of White House summit

Japanese Prime Minister Yoshihide Suga. Photo: Carl Court/Getty Images

Japan on Thursday said it will seek to cut greenhouse gas emissions by 46% below 2013 levels by 2030, per the AP and other outlets.

Why it matters: The country is the world's fifth-largest largest carbon dioxide emitter and a major consumer of coal, oil and natural gas.