Speaker Pelosi named finalist for Time magazine 'Person of the Year'

House Speaker Nancy Pelosi (D-Calif.) is among the seven finalists chosen for Time magazine's annual "Person of the Year," according to media reports on Monday.

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Other finalists in the realm of politics include last year's winner President Barack Obama, Afghanistan commanding Gen. Stanley McChrystal and Federal Reserve Chairman Ben Bernanke. 

"Look, she's the first woman Speaker of the House. She's the strongest Speaker of the House in decades," Time managing editor Richard Stengel said of Pelosi on NBC's "Today" show. "She had piloted what is probably the most important legislation in decades through the House. She's a really, really pivotal lawmaker."

Apple CEO Steve Jobs and Jamaican sprinter and Olympic Gold Medalist Usain Bolt are also included as finalists. 

Another finalist is the "Chinese worker," which the magazine said has become an influential international economic power.

The award is given to an individual who has achieved a notable accomplishment in the past year. Time's editors will name the winner on Wednesday.

Every U.S. president has won the award since Time launched the tradition in 1927, with the exceptions of Calvin Coolidge, Herbert Hoover and Gerald Ford. President George W. Bush won it it 2000 and 2004 following both of his electoral victories.