(CNN) - Election results from Tuesday night show the Republican Party must open its arms to a wider swath of voters, Virginia's GOP Gov. Bob McDonnell said Wednesday on CNN's "Erin Burnett Outfront."
"We've got to be a lot more inclusive and open and energetic and wanting people to join our team by expressing why these conservative values are good for people of all races, creeds, colors, and national origin," McDonnell, previously a top surrogate for Mitt Romney, said on the program. "We've just got to do a better job with that."
(CNN) - David Axelrod reveals the first phone call Obama made last night, and details the bet that nearly cost him his mustache.
New York (CNNMoney) - There's a big difference between raising tax rates and raising tax revenue. And the distinction may prove key in fiscal cliff negotiations between House Speaker John Boehner and President Obama over the next two months.
Boehner on Wednesday laid out in public his opening gambit for that deal-making.
FULL STORY
Washington (CNN) – A day after an election that both parties agreed was a mandate to find compromise and avoid the so-called fiscal cliff, Democratic and Republican congressional leaders also continued to sharply disagree over the key issue of whether top tax rates should be raised to help resolve the looming crisis.
Republicans said higher rates would damage the economy, while Democrats said it was the only equitable way to tackle the debt.
FULL STORY(CNN) - After winning re-election, President Barack Obama headed back to Washington on Wednesday.
CNN's GUT CHECK | for November 7, 2012 | 5 p.m.
- n. a pause to assess the state, progress or condition of the political news cycle
BREAKING: ROAR… A record number of women will represent their states in the new U.S. Senate, CNN projects. Democrat Heidi Heitkamp will win the Senate race in North Dakota, CNN projects, making a total of 20 women in the 100-seat chamber come January. She will be part of the 53-seat Democratic majority, with 45 Republicans and two independents. Elizabeth Warren will be the first woman senator to represent Massachusetts, and Mazie Hirono will be the first female U.S. senator from Hawaii and the first Asian-American woman in the Senate. Other women who won Tuesday night were Sen. Claire McCaskill of Missouri and Tammy Baldwin, who will represent Wisconsin.
DEVELOPING: A DAY AFTER ELECTION, FISCAL CLIFF JOCKEYING BEGINS… Speaker of the House John Boehner in press conference today: “There is an alternative to going over the fiscal cliff in whole or in part. 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 in creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. A stronger economy means more revenue, which is what the president seeks. Because the American people expect us to find common ground, we are willing to accept some additional revenues via tax reform.”
CNN's GUT CHECK | for November 7, 2012 | 5 p.m.
- n. a pause to assess the state, progress or condition of the political news cycle
BREAKING: ROAR… A record number of women will represent their states in the new U.S. Senate, CNN projects. Democrat Heidi Heitkamp will win the Senate race in North Dakota, CNN projects, making a total of 20 women in the 100-seat chamber come January. She will be part of the 53-seat Democratic majority, with 45 Republicans and two independents. Elizabeth Warren will be the first woman senator to represent Massachusetts, and Mazie Hirono will be the first female U.S. senator from Hawaii and the first Asian-American woman in the Senate. Other women who won Tuesday night were Sen. Claire McCaskill of Missouri and Tammy Baldwin, who will represent Wisconsin. Deb Fischer, who won her race in Nebraska, was the sole Republican woman elected to the Senate Tuesday.
DEVELOPING: A DAY AFTER ELECTION, FISCAL CLIFF JOCKEYING BEGINS… Speaker of the House John Boehner in press conference today: “There is an alternative to going over the fiscal cliff in whole or in part. 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 in creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. A stronger economy means more revenue, which is what the president seeks. Because the American people expect us to find common ground, we are willing to accept some additional revenues via tax reform.”
New York (CNNMoney) - A sell-off on Wall Street gained momentum Wednesday, with the Dow falling below 13,000 for the first time in two months, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.
A weak outlook for economic growth in Europe and European Central Bank president Mario Draghi's warning of a slowdown in Germany also weighed on the market.
FULL STORY(CNN) - Angus King, the Maine independent who has won election to the U.S. Senate, said on CNN Wednesday he represents a serious attempt to bring bi-partisanship to Washington.
"I ran on the platform of trying to call them as I see them, not be locked into a party position one way or the other," he said on CNN's "Newsroom." "But on the other hand, it isn't a stunt - I'm not going down there just to plant the flag and not get anything done."
FULL POST
(CNN) - Widely condemned comments about rape from two Republican candidates weren't the determining factor in Democrats retaining the upper chamber of Congress, a top Senate Democrat said Wednesday.
Sen. Patty Murray, the chairwoman of the Democratic Senatorial Campaign Committee, said the two seats her party picked up were instead the prize for hard work ahead of an election that once seemed an uphill climb for Democrats, who were defending 23 of the 33 seats being contested in Tuesday's vote.
FULL POST
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