Navigating Political Fundraising and Leadership Dynamics

Nancy Pelosi, who represents California’s Eleventh Congressional District, led the Democratic Party in the House of Representatives for so long, and so effectively, that one forgets she was also the first woman to hold the job. Her stewardship of consequential legislation—including the Affordable Care Act and the Inflation Reduction Act—during her eight years as Speaker is legendary. And Pelosi has wielded tremendous influence this election cycle: she seems to have been instrumental in persuading President Biden to withdraw from the campaign in place of a new Democratic candidate.  After years of friendship with Biden, it wasn’t easy, she tells David Remnick, who asks, “You think your relationship will be there?” “I hope so,” Pelosi admits. “I pray so. I cry so. I lose sleep on it.” After stepping away from Democratic leadership herself, in 2023, she wrote a book with a short and apt title: “The Art of Power.”  Pelosi speaks to Remnick about the importance of having a strong mission undergirding the skills of political gamesmanship. “This is not for the faint of heart,” she says. “This is tough. If you know your ‘why,’ the slings and arrows are worth it. If you don’t know your ‘why,’ don’t even do this. . . . You’ve got to be proud of your wounds.”