Gov. Ron DeSantis and former President Donald Trump call Florida home, and unlike in most of the country, more Latino voters in Florida voted Republican.
As the U.K. government announces a £55 billion ($65.5 billion) program of tax hikes and spending cuts, the country faces its sharpest fall in living standards since records began.
Pelosi's announcement came shortly after Democrats were projected to narrowly lose their House majority to Republicans following the midterm elections.
Republicans will take majority control of the House, ousting Democrats from key positions of power and complicating President Joe Biden's legislative goals.
Some of the nation's wealthiest GOP donors have been eyeing Republican governors as more rational — and more importantly, electable — candidates than Trump.
This will be Trump's third White House run, but his first since his refusal to accept his 2020 defeat led to the deadly Jan. 6 2021 attack on the Capitol.
Republican House Minority Leader Kevin McCarthy won the support of a majority of his caucus in a vote for the party's nominee for speaker of the House.