
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/11/06/art.smith.ap.jpg caption="Gordon Smith has conceded defeat."](CNN) - Oregon Sen. Gordon Smith has conceded defeat to Democratic challenger Jeff Merkley in his re-election bid, CNN has confirmed.
Smith personally called Merkley earlier Thursday to concede the race, according to Merkley spokeswoman Julie Edwards. Smith is also expected to publicly admit defeat in a press conference later Thursday.
Election Center: Check out the results in Oregon
With 100 percent of the counties reporting, Merkley received 48.4 percent of the vote to Smith's 46 percent.
Smith's defeat means Democrats now hold 57 seats in the Senate. The outcomes of three races remain unclear - Alaska, Minnesota, and Georgia.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/11/06/art.blunt.jpg caption="Rep Roy Blunt will not keep his leadership post."]
WASHINGTON (CNN) - Rep. Roy Blunt of Missouri has decided not to run for another term as Republican whip in the House. His deputy, Rep. Eric Cantor of Virginia, has already told his colleagues he will be a candidate for the position.
Florida Rep. Adam Putnam, the Chairman of the Republican House Conference, is also relinquishing his GOP leadership post in the next Congress.
But House Minority Leader John Boehner and Senate Minority Leader Mitch McConnell have said they are looking to hold on to those posts.
Democrats have netted a total of 17 additional seats in the House of Representatives and four new seats in the Senate. CNN has not projected a winner yet in four outstanding Senate races. Should Democrats prevail in all four of those contests, they would have the 60-seat majority that would overcome Republican attempts to filibuster in the Senate.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/11/06/art.caphillnew1106.gi.jpg caption="Old bills may get new life on Capitol Hill now that Democrats have increased their congressional muscle and taken control of the White House."]
NEW YORK (CNNMoney.com) - Spend tens if not hundreds of billions to boost the economy. Pass a law giving homeowners more leverage over lenders. Do more to address the growing ranks of unemployed workers.
There's a new day for economic policy in Washington.
The Democrats not only took back the White House - they gained a stronger hand in both chambers of Congress. As a result, in the 10 weeks before President-elect Barack Obama takes office and the months that follow, legislative leaders will likely revive a series of measures that failed to gain traction in the past year.
At the top of the agenda: stimulating the flagging economy.

Photo by Tasos Katopodis/Getty Images
CHICAGO, Illinois (CNN)– Quite a week. Here are ten pieces of supporting evidence:
1. If my reading of statistics is correct– never a certainty when my favorite truck-stop dining companion of 2008, Bill Schneider, is off the bus– Barack Obama did something perhaps even more impressive this week than becoming the first African-American to win the presidency.
He also became the person who, in the entire history of the United States, won the most number of popular votes in a presidential election.
Granted, the population grows between each election year, thereby increasing the total possible number of votes. But still. No one has ever received more votes than Obama did this week.
2. To put the above into a little perspective:
In 2000, the year the man whom Obama is replacing as president, George W. Bush, was elected, Obama was defeated in a congressional primary– a primary– by Bobby Rush, who first came to local prominence in the 1960s as a founder of the Illinois chapter of the Black Panther Party.
Eight years later, not only is Obama president-elect, but no one– not Lyndon Johnson, not Ronald Reagan, not Bill Clinton– has ever received more votes on an Election Night.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/11/06/gop.identity.crisis/art.palinnext.ap.jpg caption="Will Alaska Gov. Sarah Palin be the new face of the Republican Party in 2012?."]
NEW YORK (CNN) - The Republican Party faces a long list of problems with no clear national leader and an identity crisis that will play out during a period of good will for the first African-American elected president.
Barack Obama not only won a clear majority of the votes Tuesday night, but he won with a coalition that dramatically recolored the Electoral College map and creates an opportunity for Democrats to have the upper hand after a long period of Republican electoral dominance.
It is the combination of Obama's success among young voters and Latino voters that many Republican strategists see as particularly troubling to their party's long-term health.
"We learned from the Ronald Reagan years how generational support for a candidate can ripple through the demographics for years to come," said one leading GOP strategist close to the McCain campaign.
In other words, young voters who were attracted to Reagan in 1980 remained loyal to Republicans as they aged, providing the base on the party's presidential success over the past 25 years.


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