India, Nov. 4 -- Senior Democrats are preparing for the possibility that Nancy Pelosi, the long-time U.S. Representative from San Francisco and former House Speaker, will formally announce her retirement ahead of next year's congressional elections.

The 85-year-old veteran lawmaker has yet to confirm whether she will seek re-election in 2026. However, multiple Democratic sources told NBC the decision is likely.

According to an internal NBC News report, "multiple Democratic sources in California and Congress believe Mrs Pelosi will choose not to seek re-election in 2026."

A House Democrat from California told NBC, "I wish she would stay for 10 more years. . But I think she's out. She's going to go out with Prop 50 overwhelmingly passing...