Minority Leader Nancy Pelosi announced to her caucus she is staying on as the top House Democrat, sources in a Wednesday morning meeting said.

“She will continue to lead a united Democratic Caucus that will play a crucial role in developing a responsible deficit reduction package — working with President Obama and our colleagues in the Senate — that protects Social Security and Medicare, the middle class and children, while asking the wealthiest Americans to pay their fair share,” a source close to Pelosi said.

Budget Committee ranking member Chris Van Hollen, D-Md., said he was pleased. “I think it’s a great decision,” he said.

The decision by Pelosi continues her 10-year reign of the House Democrats and thwarts ambitions of her second-in-command and sometimes rival, Minority Whip Steny H. Hoyer, D-Md.

Additionally, Rep. Steve Israel of New York is expected to remain at the helm of the Democratic Congressional Campaign Committee for a second cycle. Pelosi told caucus members, “I’ll stay if Steve Israel stays on at the DCCC,” according to a source.