Pres. Bush addressed a meeting of the NRCC in 2007. The GOP group is now headed by Rep. Pete Sessions.

(CNN) – In another sign of the Republican Party’s efforts to regroup after multiple losses on Election Day, the National Republican Congressional Committee is now under new leadership.

Rep. Pete Sessions of Texas is now in charge of GOP efforts to win back a majority in the House of Representatives.

“Today marks a new beginning for the NRCC,” Session said in a statement released after his election Wednesday. “I will build an aggressive, energized, and modernized NRCC by immediately working to strengthen fundraising, implement strategic candidate recruitment, update messaging and technology, and create organizational strength and long-term strategies to secure a Republican Majority.”

Sessions takes over after Rep. Tom Cole of Oklahoma decided not to seek reelection as head of the GOP committee.

The DCCC is out with a new Web ad Wednesday.

WASHINGTON (CNN) – The Democratic Congressional Campaign Committee, looking to link high gas prices to congressional Republicans, released a new Web ad Wednesday that paints the GOP as a key ally of the oil industry.

Set to the tune of the one-time Golden Girls theme song — Andrew Gold's "Thank You for Being a Friend" — the ad scrolls through news headlines proclaiming the increase of gas prices, and says “Republicans opposed punishing price gougers," and "The oil and gas company thanked Republicans with millions of dollars."

"Thanks to the Republican road blocks in Congress, gas prices continued to skyrocket just in time for the holiday travel rush — ensuring that millions of dollars flowed into the pockets of their Big Oil friends and out of the pockets of America's hardworking families," DCCC Executive Director Brian Wolff wrote in a fundraising e-mail showcasing the video.

The DCCC’s Republican counterpart, the National Republican Congressional Committee, shot back with a release — “Democrats Line Pockets with Oil and Gas Money” – that accused Democrats of abandoning campaign pledges to address surging prices at the pump.

– CNN Ticker Producer Alexander Mooney

Rep. Nancy Pelosi, D-California, became the first female Speaker of the House in January 2007 after Democrats won control of the House in the 2006 election.

WASHINGTON (CNN) — Senior Political Analyst Bill Schneider takes a look at the challenges the GOP may face in the House in the next Congressional election. Watch Schneider's report.

Rep. Cole is chairman of the NRCC.

WASHINGTON (CNN) — President Bush’s poll numbers are hovering around 30 percent and Congress’s are even lower, but National Republican Congressional Committee Chairman Tom Cole, R-Oklahoma, said Thursday he “feels good” about his party’s chances in the 2008 congressional races.

In a briefing with reporters, Cole said the NRCC has recruited 15 to 20 “strong candidates” in districts that were closely fought in 2006, and said they were “pragmatic professional decision makers." He also said he expects an anti-incumbent mood to collectively benefit his party, which currently finds itself in the minority.

But Cole’s job is made more difficult by the NRCC’s financial disadvantage relative to its counterpart, the Democratic Congressional Campaign Committee.

Cole said Thursday that the committee raised between $13 million and $14 million dollars in the second quarter, and currently only has $2 million cash on hand. Meanwhile the DCCC said Thursday it had raised $17 million in the same period and has $19.5 million on hand — nearly ten times more than the NRCC.

Both committees face debts of around $4 million.

As for the President’s influence in the congressional races, Cole said "he won't be the decisive figure in the '08 election. There will be a new face on the Republican Party."

Cole also downplayed the effect of any particular Democratic candidate in motivating his party’s voters.

“I don’t think people vote for or against their representative on the basis of their presidential nominee,” he said.

– CNN Ticker Producer Alexander Mooney

WASHINGTON (CNN) — The National Republican Congressional Committee came out with a new Web video Thursday that they claim highlights "the Democrat majority’s broken promises, abysmal record and rock-bottom approval rating."

The 2 minute 47 second video features Linda Ronstadt's hit "You're No Good," while highlighting several media reports on Congress' low approval ratings and the Democrats' performance since taking control of the chamber in January.

“House Democrats have failed to deliver on their campaign promises to change Washington ,” NRCC Communications Director Jessica Boulanger said in a statement announcing the video. “This Democrat team can’t get the job done and the American people are taking notice.”

The NRCC Web video comes as the Democratic Congressional Campaign Committee tells CNN they will target seven Republicans in a five-day radio ad buy next week accusing the GOP lawmakers of having a poor record on veterans’ issues.

– CNN Ticker Producer Alexander Mooney

The NRCC unveiled its new Web site Tuesday.

WASHINGTON (CNN) — The National Republican Congressional Committee re-launched its Web site Tuesday, hoping to increase its impact online ahead of the 2008 congressional elections.

"The new NRCC.org is an example of our focus on expanding the NRCC’s online presence and utilizing some of the latest tools to not just achieve online parity with Democrats, but to beat them by energizing our supporters, spreading our message and reclaiming the majority," NRCC Communications Director Jessica Boulanger said in a statement.

The new Web site features a blog, several web videos, an online "action center," and links to social networking sites.

The committee has also hired a director of New Media to oversee its presence in the blogosphere.

– CNN Ticker Producer Alexander Mooney