Nancy Pelosi: 'No Regrets'

The first female speaker of the House of Representatives says she has "no regrets" after the Republican landslide that will force her to hand the gavel over to John Boehner. Nancy Pelosi told ABC's Diane Sawyer that America's high unemployment rate is to blame for the Democrat's drubbing. "We believe we did the right thing, and we worked very hard in our campaigns to convey that to the American people," she said, adding that "9.5% unemployment is a very eclipsing event. If people don't have a job, they're not too interested in how you intend for them to have a job. They want to see results."

"No regrets about the health care for all Americans, consumer protections of an historic nature, Wall Street reform, the list goes on," she said. Pelosi, who won a new 2-year term in the House, says was surprised by the scale of the Democrats' losses on Tuesday and she hasn't decided what her next move is going to be. She described Boehner as a friend and said she is looking forward to working with the Republicans for the good of the country. "They say they have some ideas on job creation," she said. "We had hoped they would've suggested them before. They just said no." (More Nancy Pelosi stories.)