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House Speaker Pelosi to Run for Minority Leader

WASHINGTON—House Speaker Nancy Pelosi says she will run for the post of minority leader in the new Congress, rather than bow to Democratic critics who want her to step down after the drubbing her party took in the midterm elections.

Fate of Russian arms treaty remains up in the air

The Senate's Republican leader came out Sunday against a nuclear arms treaty with Russia, warning Democrats not to rush through President Barack Obama's foreign policy priority in the final days of the postelection Congress. Top Democrats still expressed confidence the Senate would ratify the accord by year's end.

In China, Making Cars on a Budget

GUANGZHOU, China—Foreign auto makers in China are dusting off older designs as they scramble to come up with China-only brands of low-cost cars in response to a surge in demand for affordable vehicles from new middle-class buyers.

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