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Republicans Win in a Wave

Democrats took a big beating in last night's midterms. Republicans not only re-took control of the U.S. Senate, but they also expanded their control of the U.S. House, and took several high-profile governor's races they weren't expected to capture. A resurgent GOP took control of senate seats in North Carolina, Colorado, Montana, West Virginia, Arkansas, South Dakota and Iowa. The GOP also handily won re-election fights in Kentucky. Virginia remains too close to call, but Republican hadn't expected to even be competitive there. Republicans also looking to retake a senate seat in Alaska, though that race remains too close to call. Louisiana will hold a runoff on December 6th as neither incumbent Mary Landrieu or Republican challenger Bill Cassidy got 50% of the vote.

In the House, the GOP captured at least 246 seats.. at least matching their totals during the Truman Administration more than 60 years ago.

The Republicans also swept governor's races winning upsets in Maryland, Massachusetts and Illinois. Rick Scott won a tough reelection fight against Democrat Charlie Christ in Florida.

Alaska, Colorado and Connecticut remain too close to call.

Exit polling suggests Americans are in a foul mood, and took some of that anger out on Democrats. Most voters don't' have much trust in government, feel the nation is on the wrong track and that life will be worse for the next generation of Americans.

House Speaker John Boehner says it's not time for celebration, but instead time to get to work. He says the main challenge is a still struggling economy.

The New York Times reports today President Obama does not see the election results as a repudiation of his leadership. Peter Baker writes , "Mr. Obama bristled as the last campaign that would influence his presidency played out while he sat largely on the sidelines."

The President will hold a news conference today seeking bipartisan consensus on several big issues, and will host Republicans at the White House on Friday.

Republicans also dominated statehouse races across the country including New York, West Virginia and Nevada.

Marijuana legalization measures passed in Oregon and DC. Florida blocked a legalization measure. In California, measures decriminalizing drug use passed.

We've got Fox team coverage of this wave election:

Wendell Goler and Ed Henry covering White House reaction, and the President's news conference at 1pm. Alicia Acuna reports on the Colorado races, Dan Springer on Alaska, Adam Housely and William La Jeunesse wrap up the races out West. Steve Harrigan on the Florida races. Jonathan Serrie covers GA, John Roberts on LA, Shannon Bream on Iowa, James Rosen on Kansas, Mike Emanuel on VA, and Molly Line reports on several state races.

We'll also delve into what all this means for the race for the White House and 2016! (it's never too early!)

In other news,

We'll watch market reaction to the election. We get read on employment today from ADP.

Norway is warning that a terror attack there is "likely" as ISIS has called for attacks on countries that have helped in the fight against terror in Iraq and Syria.

Iran is apparently playing a huge role in running the ISIS ground war in Iraq and Syria. AP has an in-depth report on this today (h/t to Heather for finding this story)

For more news, follow me on Twitter:

@ClintPHenderson

-Clint Henderson