At the White House, the reaction was one of condemnation.
"They have no Impeachment case and are demeaning our Country," President Trump tweeted about Democrats shortly before the Speaker's announcement.
"But nothing matters to them, they have gone crazy. Therefore I say, if you are going to impeach me, do it now, fast, so we can have a fair trial in the Senate, and so that our Country can get back to business," Mr. Trump added.
The White House Press Secretary echoed the President's sentiments on Twitter.
Democrats quickly showed their support for the Speaker's decision.
“The president abused his power,” said Rep. Val Demings (D-FL). “The president jeopardized our national security. The president on multiple occasions obstructed justice.”
While Pelosi did not set out a timeline for action, top Democrats have talked about action in the next week by the House Judiciary Committee, followed by a vote in the full House later this month.
21 years ago, Republicans faced a similar time crunch before the holidays, and ended up voting to impeach President Clinton on the Saturday before Christmas.
It could be this Congress is heading for an impeachment vote holiday repeat.