joining me now is new jersey democrat senator robert menendez. and in new york congressman peter king who is chairman of the house homeland security committee. good morning, senator.

sweep of the presidency, and definitely a democratic sweep of the senatees. in those states that the gop was so excited to have supposedly turned red in a way that was going to stick. last night, democratic women swept every major office in new hampshire. last night, california democrats wanted democratic super majority in the state house and in the state senate. not just majorities in california, but super majorities. wherein, if the republicans don't turn up, any of them, any day at work, nothing will be different in california. they're completely legislatively irrelevant. alan west lost a seat. more women got elected to the u.s. senate than at any time in u.s. history. the republican presidential nominee and vice presidential nominee both lost their home states. missouri and montana and west virginia chose democratic governors. west virginia chose its first gay state legislature. so did north dakota. west virginia and north dakota? yeah, seriously. joe lieberman's old seat went to a real democrat in connecticut. the proportion of young people voting com

democrats retained the senate after winning a series of key races in indiana, massachusetts, missouri, connecticut, nevada, montana and other states. in indiana, democratic representative joe donnelly defeated republican state treasurer richard mourdock, who became famous for suggesting pregnancies resulting from rape were god's will. in virginia, democratic former governor tim kaine beat republican george allen, also a former governor, for thee seat. and know how, democratic senator sherrod brown held on to a senate seat in a campaign that saw outside groups spend tens of millions of dollars to defeat him. in connecticut, democrat chris murphy defeated republican nominee and wrestling magnate linda mcmahon. the senate races saw a series of major victories for democratic women. in one of the most closely watched races nationwide, consumer advocate elizabeth senator scott brown inican@ massachusetts. >> this victory belongs to you. you did this. you did this. you did this. for every f that has been chipped and squeezed and hammered, we're going to fight for a level playing field, and w

if romney wins, it's possible democrats will keep control of the senate. either way, the winner's claim to a mandate will look very thin this year. and that will make it hard to move forward with a clear agenda. the numbers won't justify that. they will suggest that you will have to deal with the other side because a lot of people didn't vote for you and they're part of the other side. but no one in washington is expecting this election to end with handshakes and good will. most signs now point to a status quo election. democrats keep the white house and senate and republicans keep the house with relatively few losses. despite all the money and time spent in this campaign, it now looks likely to will end with the same political math that delivered gridlock through much of the last two years. that policy uncertainty may worry investors, but politicians em to have leard to live th it. >> in an era of deeply polarized parties, mandates aren't as important. all that matters is winning. elections decide who wins and who loses and after that, it is up to the suc

that's the big question that hangs out there over the president over some democrats. senator patti murray joins me next. on that and how she defied the odds and ended up adding more democrats to the senate. is it one or two? we'll find out in a minute. independents day, the question we all think we know the answer to but maine's senator elect will announce which party he's planning to caucus with. >>> first a look ahead at the schedule of the president. a press conference at 1:30 and then he meets with the ceos after the press conference. you're watching "the daily rundown." the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my onli

senate democrats will have control. in some ways it will make wake up tomorrow and nothing will have seemed to have changed. and faces a host of big ticket issues, fiscal situations, tax cuts, expected to expire end of the year, and if congress doesn't act, spending cuts. huge problems. and also, a season of republican soulsearching. you can already see the dividing lines. some will way we should have nominated some one more conservative. that was a refrain we heard time and time again during the republican primary. others will say no this is a time for us to turn the page. we have to reach out to a greater segment of the electorate if we want to survive as a party. >> tom brokaw, right now, a crippled city awaiting a snowfallen a deeply blue state. it erupted outside here. you're inside the studio on the third floor, what is your view? >> my thinking, a kind of sweetness about this for the obama campaign that goes beyond the magnitude of what the first african-american president has achieved. re-election when two years

senate race. in theohio nbcts that sherrod brown has reelection. he's the incumbent democraticut the senate race, more anybody else in the country. >> not surprising i that case since he knows the electorate. a small point. republicans have lost both of th states of their candidates on the presidential ticket. >> a >> new hampshire, romney has ahome there. he may lose that. he's lost michigan. his own home state. it's something you don't see very often. >> he will probably lose cali too. >> he has a home there too. >> ohio right now the democrats own the russ belt. all the talk about jobs all the bad economy. >> michigan and pennsylvania and wisconsin hasig he original plan. >> this terms of wisconsin, some of the best reporting on wisconsin through the whole uprising around the ulmnion stripping and recall effort against scott walker was done by john nick else. familiar with the politics in wisconsin, which has been called for president obama. and also with the politics in tell us about the wisconsinc÷áibñ win from ohio as we still await the projection of the race there. >> re

democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not because the programs are bad, but because thank goodness, we're living a lot longer. >> reporter: republicans are also signaling they're more open to compromise. many in the house are distancing themselves from a no-tax increase pledge they signed. they say they'll agree to raising tax revenue by limiting deductions for the wealthy. >> without compromising our principles, we put skin on the game and recognition of the fact that while democrats don't run this town, neither do we. >> reporter: but the two sides remain far apart on the main sticking point. republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president's been in negotiations with house speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with

we didn't just elect a president, a senate and a house. the democrats, despite all predictions, picked up seats in the senate, they drew more republican states. were people voting for democrats in montana and indiana and wisconsin and elsewhere because of the storm? did the people of those midwestern states say, well, you know what, obama did a good job in the storm, let's re-elect our senator. in the house, we gained house seats. unfortunately the republicans were able to gerrymander the house badly because they won the 2010 election. if we had run this house election by the same districts that existed in 2010 we'd have a democratic house now. we did very well in the democratic senate. this was a very big victory. nearly 3 million in the popular vote, the fifth time in the last six democrats have won the popular vote. as far as mitt romney's tax plan, one, we don't know what it is, he was afraid to tell us what it is because it would have brutal effect and the public did repudiate it. >> the president has been quiet since his victory speech. the campai

you have house democrats and senate democrats who have campaigned and are insisting upon these rate hikesalso think it's a good political issue. gerri: let's talk about the polls. richard trumka said there is no fiscal cliff. what we are facing is an obstacle course within a manufactured crisis. we make it back? >> i don't know? what is manufactured? we have been in the most predictable crisis. and you seem to have a lack of will on the part of the president actually get something done. that is the fundamental problem. gerri: i have asked you about one other comment. this from patty murray. this is that taxing the wealthy is essentially more important than taxing the budget. now coming of the senate doesn't have any track record ofassing budgets. am ihe only person who is shocked by this? >> no. we can consult recent history to understand we haven't had a budget and more than three years , and that taxg the wealthy is one one of the things the democrats think what'll solve the problem. u're talking about $80 billion a year. $800 billion over 10 years. when you are trying to fill a hole th

democratic votes to win in that state. and that wasn't going to happen, not with such a strongly well identified base. >> when there is a fight in the senate, she'll be able to mobilize grassroots. >> michael, a lot of frustration in republican ranks about the races in missouri and indiana, seats they thought they should have taken. and now seeded back to democrats. partially because of the comments about rape. >> yeah. enough said. look, the thing about it is whether you lay out these game plans and you run these races on paper, it all looks great. then you put live bodies in action. and they come up with these comments. the thing about the akin situation is the party ran away from him and then ran back to him. so the country looks at that and they go you're not principled here. we don't believe you on this issue. are you that really that outraged about what he said? so those things came back to bite. and we paid a price for it. now the question is how do we recover? >> quickly a high water mark. 19 women will be in the senate, both parties. and you'll also potentially have 20 depending on what happens in north dakota. >> let's bring in k

she says she is joined by all incoming democratic senators. so perry, this question is for you. idea whose time has come? >> i think it has. you have seen that harry reid, who is a long-time senator and traditionally someone who likes the senate rules as they have been, he has opposed filibuster reform in the past, but he has now jumped on board and said it's time. you're seeing a lot of other veteran democratic senators. the new ones being for this is not surprising. but you're seeing old democratic senators who have been in the minority before saying this is the time. the big issue is not just bills, which ari was talking about, but also nominees. you saw president obama couldn't appoint anyone virtually to even low-level post during his first term because mr. mcconnell was virtually blocking people for assistant saebs of all kinds of jobs, which is kind of unprecedented in washington, and which democrats are really very worried about. >> ari, the hill reports that as of this week, democrats don't have enough votes for reform. so is this idea actually dead on arrival? >> i don

you could argue that key tea party candid it's went down in flames. >> the senate, a democratic majority. what were talking about, the house is the cohesive body. the senate is 100 heads walking in different directions. you don't have the party discipline that you do in the house of representatives. as the speakers at the beginning of the week, the republicans in the house, when they get reelected, they'll stop the tax increase ideas. the american people voted in the republican congress every bit as much, more than they voted in obama. and so the argument that obama against the wind strikes me as a little bit odd. two years ago we had exactly the situation. republican house, democratic president and the democratic senate. we continued the tax increases for two years. neil: reelected president. he has been reelected. >> compared to the house. the house elections. neil: you're right. but he is not going to do what you want to do. >> for the last two years he said he would hold his breath until he turned blue if we did not give a tax increase and the answer has been no. neil: a dozen have t

under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we give our country a stronger, healthier economy. >> powerful winter storm again has blasted the northeast, bringing wet snow and strong winds to areas already devastated by last week's superstorm sandy. tens of thousands of homes and businesses lost power

despite selecting a democrat to the senate and president obama winning that battleground state. there is some wisconsin celebration. they won full control of the state government. republicans winning the majority in the state senate and the assembly. what is ahead? wisconsin governor scott walker is here. good evening, governor. >> good to be with you. >> governor, so what happened? your state didn't go for your candidate -- for governor romney, rather? >> it didn't statewide. it was a close election, but didn't pull it out in the united states senate race, where tommy thompson fell short and mitt romney and paul ryan fell short. but as you mentioned, it was a big night for us at the state level, when it comes to state government. we went from having lost the majority by one seat in the recall election, we defended 3 of the 4 but that one seat that we lost back in june, the 1 see the that switched the majority to the democrats. last night, we picked up not just one more seat, but 2 see thees. in the state assembly, we added to our majority. in a night that didn't fair well with

right now, house democrats aren't having a good night. senateocrats having a great night. >> reporter: let's break them down one by one. let's start with virginia. obviously, in our backyard. former virginia governor, tim kaine, vs. george allen. the two men have been deadlocked in the polls for over a year and a half. allen has been climbing back in the polls recently. is this a must win state for republicans to have a shot for majority in the senate? >> i think based upon the race so far, allen has to win. i think it's a must win at this time of night. >> reporter: taking a look at the massachusetts race. fox news calling this race for elizabeth warren. this is a huge win for her, bob. beating incumbent scott brown. how did this happen? >> it is a blue state. elizabeth warren raised a lot of money, went toe to toe with him in the debates and won this race. >> reporter: facing off with todd akin, fox news calling mccaskill as you saw on twitter. up until august it looked like she was going to be ousted. >> a huge problem for republicans to not

senator ben cardin. he won with 54% beating republican dan bongino. democrat keeping control of the senate again but just barely 1/3 of the senate was up for grabs. republicans lost two seats giving democrats control with 51 senators. in the house, republicans are keeping control despite losing a cup of seats in new hampshire and new york. in virginia, all 11 incumbents won re-election. and in maryland, john delaney beat republican roscoe bartlett. >>> a theme reminiscent of four years ago. i'm loud celebration outside the white house as president obama gets four more years. >> our matt ask land was there. up next, he will show us that scene as it unfolded. let's take a look at the results in key house races in virginia right now. stay with us. we'll be right back. ight back.

the democrats' won 25 of the 33 senate elections. -- the democrats won 25 of the 33 senate elections. they want and all of the country. it is a victory that goes with president obama's victory. it was an affirmation of some good senate democratic candidates, but a rejection of republican extremism and obstruction. i want to emphasize the obstruction. the senate has always been a difficult place to make work. filibusters have always been in the atmosphere and a potential threat. and he is to be that the obstructionists were a few individuals. the leaders used to work to try to make the senate do the nation's business. these last four years, we had obstruction as a strategy of the republican party, led by senator mcconnell. if this election can be read as a the fsa -- a rejection of the polar ice senate. host: you are on the line with ira shapiro. caller: there were ability presidents i got this country out of trouble from the banks. we got into trouble trying to bring the banks back to their solvency. the greenback got us out of trouble. we have to get the little man out of the picture

democrats remain control of the senate. republicans lost three key seats. the house stays republican, 233 republicans and 185 democrats. house democrats now waiting for nancy pelosi's decision. >> so with congress left the same, many worry the gridlock that stalled washington will continue. the democrat senate majority leader and republican house majority leader talking about compromise the day after the election. democrat and republican leaders in california say rez obama needs to seize on this opportunity. >> listen to individual members on both sides. develop the relationships that are necessary when you have big, difficult problems.. >> republicans need to lack for places where they can work with the president that would be government reform. they need to make a better case on the tax policies. >> today john boehner stressed election was not a mandate for raising taxs.. >> and stocks sank on wall street. dow saw the worst day of the year. the nasdaq and dow drop considerably. others a they expect that had drop off if barack obama won. the president and c

by the republicans into a position to pull the trigger and if they do that not only does the democratic senate clothes die so too does the democratic party itself and along with it the american middle class and that's the way it is tonight when still about we're twenty eight twenty twelve for more information on any of the stories we covered visit our website to tom harkin dot com free speech to org and r t dot com and if you missed any of the night's show you can now watch it in h.d. hulu it hulu dot com slash pictures also check out our two you tube channels there are links at target talk also to marvin dot com check out all the different ways you can send us your feedback and don't forget democracy begins with you get out there show up participate go to move to amend or p.d. america out or get active tag you're it. culture is the same i'm going to give business. to markland revolutionary dictator in the making president mohamed morsi is presidential decree spreading in wide powers as we open the debate about.

congress is doing a terrible job and it may turn out that they reelected a democratic president and reluctant senate is controlled by the democrats. republicans can change their minds and our circumstances. they may think it's up to him to change his mind. spelunking the market reaction to this. the futures market -- we are back down to about a hundred or so on the day. that is not exclusively part of what is going on with this campaign. certainly disappointment among some investors who might have been banking on a romney win. >> i think it is way too early to call. i think around midnight, we will possibly find out. by the way, i was a ron paul backer. he wasn't running. i think the important part of this is no matter who wins or who doesn't win, will we be able to have things going forward what we have had in the last four years. hopefully we, the people, we don't like things are getting worse and we have to change. neil: but let's say that barack obama wins. we have the same makeup as we have before. >> i wasn't upset when people show disrespect, but they were pitting one group against the other.

democrats increase their majority in the senate.cussing, president obama handily won the white house for four more years. one person i enjoy following on twitter is at political maps. i thought he set it up nicely with this quote. people have spoken. we're mad and we're going to take exactly the same thing we had before. last night, mitt romney had to give the toughest speech of his life. listen to this. >> i ran for office because i'm concerned about america. this election is over. but our principles endure. i believe that the principles upon which this nation was founded are the only sure guide to a resurgent economy, and to renewed greatness. like so many of you, paul and i have left everything on the field. we have given our all to this campaign. i so wish, i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose another leader. and so ann and i join with you to earnestly pray for him and for this great nation. >> dana: so we'll talk now why we think he lost. there i

what is the real agenda of senate democrats? solving the debt crisis or sticking it to the rich?og onto gerriwillis.com. both on the right-hand side of the screen and side of the screen and i will show the results at the end of the show. as i mentioned earlier, hostess is closing all of its plants and laying off 1800 -- 18,500 workers after failing to reach a deal with the bakers union. taxpayers could end up putting a massive tax bill if te workers file for unemployment benefits and get them for the maximum number of weeks. that cost taxpayers $430 million, including the same unit workers that forced the company to close. with more on this is our labbor economist fr heritage. james, great heavy on the to have you on the show. we've been talking about this for some time the old company omised thahe would liquidate the company is these workers didn't come back to work. i think that's exactly what happened. were you surprised? >> not really. the problem is with the labor unions. they make the company is less nimble, less competitive, less competitive and they have to t an agreement

most of the democrats, a good majority of the democrats in the assembly and the the senate, joined in with republicans in many boils -- bills. i think, we are talking about making it easier for small business and getting more skilled workers, those are the things that the democrats can join the republicans and you have a common-sense majority and we will be ready here in wisconsin. >> greta: have you talked to your friend, congressman paul ryan, since the returns last night? >> no. i text him. i figured i would let him sleep in, relax, certainly, i think he will be ready to go. you know, paul -- someone asked me last night about this. i said, sometimes in presidential elections, the v.p. candidate is beat up and tarnished a little bit. i think -- i say this not just as a good friend of paul and a fellow cheesehead, i think in the end, paul ryan is stronger after the race than before that. i think people saw the good, decent soul that he is and the courage that he had and i think he grew on people, more than the other way around. i think pall will continue to be a leader here in americ

another stunner that democrats expanding their majority in the senate when they had to defend 23 seats to the republicans ten. now john boehner will remain speaker. it looks like that margin is going to be roughly the same, maybe democrats pick up a couple of seats. there are a lot of races still to be called. but john boehner is still the top republican elected leader, and he's going to have to go against harry reid and president obama again to strike some type of deal on taxes and spending. jon: and he has has some have put it the most difficult job in washington now because he's got a substantial number of tea party supporters in his caucus who are not going to be inclined to go along with tax increases, but the president and harry reid are going to be pushing what they've been pushing throughout this election which is tax increases on high earners. >> this election was a lot about taxes and tax policy. john boehner has said we retained the house we're not going to raise taxes. there will be a lot of wrapping lynn. president obama because he won a second term has the leverage advant