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Photo: Brendan Smialowski/AFP/Getty Images

A day after schooling President Trump on-camera and then returning to the Hill to joke about his manhood, Speaker-designate Nancy Pelosi extinguished a months-long revolt among some younger House Dems by agreeing to term limits for top leaders.

Why it matters: "Within moments of announcing she would restrict her time in the job [to no more than four additional years], seven of her critics distributed a statement promising to back" her in the final vote for speaker — a clinch, AP's Alan Fram reports. "It moves a 78-year-old white woman to the cusp of steering next year's diverse crop of House Democrats, with its large number of female, minority and younger members."

Be smart: At almost every point during her time in leadership, going back to her 2001 run for Democratic whip, people have underestimated Nancy Pelosi at their own peril.

  • Members of the House, senators, presidents and world leaders have learned that no one has a better handle on their caucus, or is better at figuring out how to get things done.
  • Pelosi can play the inside-the-Capitol game to get votes, while going deep on issues.
  • Robert Mueller aside, she is officially the president's biggest problem for the next two years.

Go deeper: Why Nancy Pelosi will be Madam Speaker

Go deeper

Updated 1 hour ago - Sports

MLB headed for first lockout since '95 as deal expires

Baseball Commissioner Rob Manfred (L) and Major League Baseball Players Association executive director Tony Clark. Photo: Matt King/MLB via Getty Images

Major League Baseball's collective bargaining agreement expired at 11:59 p.m. ET Wednesday without a new deal in place.

Why it matters: With no CBA, the MLB is headed for the first management lockout since a 1994-95 strike led to the cancelation of the World Series for the first time in 90 years.

Media giants back Bannon's bid to release Jan. 6 documents

Former Trump adviser Steve Bannon at the FBI Washington Field Office in Washington, DC., in November. Photo: Win McNamee/Getty Images

A coalition of news outlets including the Washington Post is supporting Stephen Bannon's campaign for the release of documents related to his contempt of Congress charges, WashPost confirmed Wednesday.

Why it matters: WashPost, the New York Times, CNN, NBC, the Wall Street Journal's parent company and others filed a motion arguing that a proposed protective order seeking to prevent the documents from being released violates the First Amendment, per the Daily Mail, which first reported on the news.

Symone Sanders leaving VP's office

Vice President Kamala Harris and her press secretary Symone Sanders. Photo: Alex Wong/Getty Images

Symone Sanders, senior advisor and chief spokesperson to Vice President Kamala Harris, is leaving the VP’s office by the end of this year, three White House officials told Axios on Wednesday.

Why it matters: The VP has faced an onslaught of criticism in her first year centered on her leadership and staff, adding to the suggestion, she’s not the Democratic Party’s preferred nominee for 2024.