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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

Updated Jan 13, 2021 - Politics & Policy

Trump becomes first president to be impeached twice

Photo: Drew Angerer/Getty Images

The House voted 232-197 to impeach President Trump for “incitement of insurrection" after a violent pro-Trump mob breached the U.S. Capitol last week while Congress met to count the Electoral College vote.

Why it matters: Trump is now the only president in history to have been impeached twice — his first impeachment happened just over a year ago in December of 2019. He has just one week left in his term before President-elect Biden is sworn-in on Jan. 20.

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

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
42 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.