President Barack Obama won a second term last night.

There was also some fairly dramatic developments in Senate races across the country. Democrats picked up or kept some seats in very tight races including in WI, IN, MA, MO and MT.

The GOP retained control of the House.

Also big news in the measures that passed last night.. including several popular votes in support of gay marriage.

Two states legalized marijuana - Colorado and Washington.

A tax increase supported by Governor Jerry Brown of California passed in the golden state.

Lots of questions today for what it all means to the future, and the looming fiscal cliff facing the country.