“This is true news,” Wolf tweeted once news broke.
Margaret Talev, president of the WHCA, which hosts the annual dinner held in Washington, explained in a statement why Wolf, 32, made the perfect choice.
"Our dinner honors the First Amendment and strong, independent journalism," she began. "Her embrace of these values and her truth-to-power style make her a great friend to the WHCA. Her Pennsylvania roots, stints on Wall Street and in science and self-made, feminist edge make her the right voice now."
Wolf -- the fifth woman ever to be asked to do the honors -- follows in the footsteps of last year's host, another "Daily Show" correspondent, Hasan Minhaj.
If you want to know more about Wolf, here are five things about her career and life: