By: Christina Holder|Published: November 8, 2006 3:50 PM
While Speaker Dennis Hastert is out of the running for House Minority Leader, Mike Pence (R-IN) has announced that he will pursue the post. Other likely candidates are Majority Leader John Boehner (R-OH) and Rep. Joe Barton (R-TX).
This quote from Pence's press release says alot about Tuesday's transfer of power: "I am running for Republican leader because I believe that we did not just lose our majority--we lost our way." Read the full announcement here.