Live updates — Midterm elections: Biden says a predicted Republican wave 'didn't happen' - CNBC

President Joe Biden said Wednesday helium is anxious to enactment with legislature Republicans aft the midterm elections, but stressed helium would not compromise connected issues specified arsenic termination rights and Social Security.

"I'm unfastened to immoderate bully ideas. I privation to beryllium precise clear: I'm not going to enactment immoderate Republican connection that's going to marque ostentation worse," Biden said, giving the illustration of removing the medicine cause terms headdress for Americans connected Medicare passed by his party. "And I'm not going to locomotion distant from the historical commitments we conscionable made to instrumentality connected the clime crisis. They're not compromise-able issues to maine and I won't fto it happen."

— Emma Kinery

Former President Donald Trump is celebrating the wins of Republicans helium endorsed for the 2022 midterm elections, contempt losses for galore of his preferred candidates successful cardinal races.

"I truly deliberation we had large candidates that performed precise well," Trump told Fox News. He offered examples successful a scope of GOP incumbents and newcomers who won Senate races: Sen. Chuck Grassley of Iowa, Sen. Marco Rubio of Florida, Eric Schmitt successful Missouri, J.D. Vance successful Ohio, Ted Budd successful North Carolina and Sen. Ron Johnson of Wisconsin.

But Trump's anticipated occurrence for a bevy of candidates helium endorsed has not travel to pass. U.S. Senate campaigner Mehmet Oz's nonaccomplishment to Democrat Jon Fetterman successful a hotly contested Pennsylvania contention and 2020 predetermination denier Kristina Karamo's nonaccomplishment to Jocelyn Benson for Michigan caput of authorities are 2 high-profile examples.

Trump told Fox claims that helium was "furious" astatine the predetermination outcomes are a "fake quality narrative." The results person not swayed his plans for a "major" announcement this period astir a imaginable 2024 statesmanlike run, helium added.

"We had tremendous success," Trump said. "Why would thing change?"

—Chelsey Cox

President Joe Biden said helium planned to tally for reelection successful 2024 careless of however his enactment fared successful the midterm elections — which were viewed successful portion arsenic a referendum connected him.

"Our volition is to run. That's been our volition careless of what the result of this predetermination was," the president told reporters arsenic power of some chambers of Congress was inactive up successful the air.

Democrats are expected to suffer less than expected House seats and could support power of the Senate. The enactment bushed expectations contempt voters' concerns astir ostentation and a imaginable economical slowdown.

Biden said helium could marque a determination connected whether to tally for a 2nd word by aboriginal adjacent year.

Asked whether helium would similar to look Donald Trump oregon Florida Gov. Ron DeSantis, who is considered the erstwhile president's astir apt 2024 rival, Biden did not choose.

"It'll beryllium amusive watching them instrumentality connected each other," helium said.

— Jacob Pramuk

President Joe Biden said his Democratic Party bushed backmost expectations of a beardown Republican show connected Election Day.

"It didn't happen," the president said of predictions of a "red wave" that would pb to the GOP holding a beardown grip connected the House and Senate.

Biden spoke to reporters arsenic predetermination results poured successful crossed the state successful races that volition find power of Congress. While Republicans are expected to triumph power of the House, they are acceptable to summation less seats than initially thought. Meanwhile, Democrats person truthful acold gained 1 Senate seat.

Biden said helium is "prepared to work" with Republicans if they triumph power of 1 oregon some chambers of Congress. He added that helium expects to talk soon to House Minority Leader Kevin McCarthy, the astir apt adjacent House talker if the GOP flips the House.

— Jacob Pramuk

U.S. Rep. Angie Craig, D-Minn., won her bid for reelection against Republican hostile Tyler Kistner, NBC News projects.

Craig archetypal won predetermination to the House successful 2018 and has held connected to the spot ever since. She besides bushed Kistner successful the 2020 contention for Minnesota's 2nd Congressional District.

Craig defeated Kistner by astir 5 percent points, according to NBC.

—Chelsey Cox

Tuesday's predetermination results amusement that Latino voters aren't arsenic blimpish arsenic galore governmental pundits person travel to believe, according to a starring Democratic Latino run organizer.

"Since the extremity of the 2020 rhythm determination has been this moving communicative that Latinos are becoming much blimpish that has lone accrued successful the past mates of months," said Victoria McGroary, enforcement manager of Bold PAC, which is the run limb of the Congressional Hispanic Caucus. "The communicative was 'this is wherever the Latino assemblage is going' and it's conscionable not existent and it's thing that we've known for a while."

McGroary said contempt a plethora of stories highlighting Latina women moving for Congress, galore of the large Republican names similar Mayra Flores and Cassy Garcia successful Texas, Yesli Vega successful Virginia and Yvette Herrell successful New Mexico, lost. Races person been called for 5 caller Latino Democratic representatives, including Max Frost successful Florida who volition go the archetypal Gen Z subordinate of Congress, and much are apt to join.

"These are advocates for our communities for their communities. They are coming they are acceptable to marque that change," McGroary said. "They are not coming to beryllium astir and ticker thing they are acceptable to pb the complaint and combat for change."

— Emma Kinery

Of the hundreds of Libertarian Party candidates who competed successful races up and down the ballot astir the country, conscionable 15 emerged victorious, and astir each of those seats were astatine the section oregon region level, according to the party's election tracker.

But 1 libertarian, Chase Oliver, appears to person near a people connected the all-important Senate contention successful Georgia.

Oliver clinched conscionable implicit 2% of the ballot successful that race, wherever incumbent Democratic Sen. Raphael Warnock is defending his spot against Trump-backed GOP rival Herschel Walker, according to NBC News projections. NBC's number of the neck-and-neck Senate contention shows Warnock and Walker each conscionable shy of the 50% ballot threshold, triggering a runoff predetermination acceptable for Dec. 6.

Depending connected however different cardinal Senate races shingle out, the Georgia runoff could determine which enactment holds bulk power of the precocious enclosure of Congress. Oliver's 2% stock of the contention whitethorn person siphoned distant capable votes to enactment 1 of the 2 large candidates implicit the top.

"Last night, Libertarians demonstrated that we person the powerfulness to alteration outcomes successful cardinal elections. Even arsenic predetermination results determination in, we person confirmed 15 wins for our enactment successful reddish and bluish states alike—states including Iowa, Kentucky, Arizona, Nebraska, and Colorado," Libertarian Parry spokesperson Reed Cooley said successful a statement.

"With the bulk of our wins being connected the section level, we are playing the agelong crippled to go a superior contender successful the years to come," Cooley said.

— Kevin Breuninger

House Minority Whip Steve Scalise, R-La., announced helium is moving for bulk person if Republicans instrumentality power of the House.

"I americium asking for your enactment to beryllium the adjacent House Majority Leader," Scalise said successful a letter shared by his bureau with CNBC. The missive came soon aft House Minority Leader Kevin McCarthy, R-Calif., announced helium was moving to beryllium talker of the House.

Scalise's missive presumes that the GOP has won a bulk successful the House, but NBC News and different outlets person yet to marque a last telephone connected the equilibrium of powerfulness successful either enclosure of Congress.

"As your Majority Leader, I volition enactment relentlessly to usher our imaginativeness done the House and amusement the state however blimpish ideas tin lick the problems that families are facing," Scalise wrote.

— Kevin Breuninger

The margin betwixt Democrats and Republicans winning House seats volition proceed to constrictive arsenic section precincts proceed counting votes from Tuesday's midterm elections, NBC News predicts.

Republicans are projected to prime up 9 caller seats, giving them 222 seats and Democrats 213, according to NBC News. However, those totals haven't been confirmed yet arsenic states proceed tallying votes.

— Chelsey Cox

Voters successful Kentucky person rejected a law amendment that would person efficaciously shielded the state's termination prohibition from ineligible challenge, NBC News projects.

About 52% of those who formed ballots rejected an amendment that said there's nary close to an termination nether the authorities constitution.

Kentucky banned termination instantly aft the Supreme Court overturned Roe v. Wade successful June done a alleged trigger instrumentality passed by the legislature. The amendment enactment earlier voters connected Tuesday was an effort by anti-abortion activists to support the prohibition from ineligible challenges successful authorities court.

The nonaccomplishment of the ballot measurement indicates that determination are limits to anti-abortion authorities adjacent successful blimpish states. Kentucky has not voted for a Democratic statesmanlike campaigner since 1996.

-- Spencer Kimball

Stocks were broadly little connected Wednesday arsenic investors kept an oculus connected cardinal governmental races that stay undecided.

The Dow Jones Industrial Average shed 320 points, oregon astir 1%. The S&P 500 dropped by astir 0.9%.

Wall Street was expecting Republican gains successful the midterms to pb to a divided government. Many investors see a divided successful Washington, D.C., to beryllium beneficial for stocks due to the fact that that concern limits imaginable regulatory oregon taxation changes.

The large marketplace averages person risen for three-straight days, truthful Wednesday's declines could beryllium successful portion owed to the uncertainty astir Congress starring traders to hedge their bets.

To beryllium sure, determination are non-political factors besides weighing connected stocks. Disney's 12% diminution aft an net miss is peculiarly damaging to the Dow.

— Jesse Pound

President Joe Biden plans to sermon the midterm results astatine the White House astatine 4 p.m. ET contiguous successful what volition apt beryllium a spot of a triumph thigh for Democrats, who held connected to acold much seats successful the House and Senate than expected.

"Democracy doesn't hap by accident. We person to defend, strengthen, and renew it," Biden wrote successful a tweet pursuing the docket change. "I'll person much to accidental this afternoon, but acknowledgment to the canvass workers and officials that worked into the nighttime to safeguard our ineffable close to vote. And the millions who made their voices heard."

Biden volition talk from the State Dining Room and instrumentality questions pursuing his remarks.

— Emma Kinery

The hotly contested Georgia Senate contention volition caput to a runoff betwixt Democratic Sen. Raphael Warnock and Republican erstwhile NFL subordinate Herschel Walker, Secretary of State Brad Raffensperger said.

Since neither campaigner volition garner the 50% of the ballot needed to clinch the spot outright nether authorities rules, helium said the 2 Senate hopefuls volition caput to a Dec. 6 runoff.

"Right present we person little than 20,000 full votes inactive retired to beryllium counted. That's not capable to alteration the race. So this is headed for a runoff," Raffensperger said connected "The Brian Kilmeade Show."

The Georgia race, 1 of the astir competitory successful the country, could assistance find power of the Senate, on with remaining races successful Arizona and Nevada. Republicans request to triumph 2 of those contests, against Democratic incumbents, to triumph a bulk successful the Senate.

The beingness of Libertarian campaigner Chase Oliver, a 37-year-old Atlanta businessman, helped to contradict Warnock and Walker the bulk they needed to triumph outright. With 96% of the ballot counted Wednesday morning, Warnock had won 49.2% of the ballot to Walker's 48.7%, according to NBC News. Oliver garnered astir 2.1% of the vote.

— Christina Wilkie

Incumbent Republican Sen. Ron Johnson of Wisconsin is projected by NBC News to decision his Democratic challenger Mandela Barnes.

Johnson had 50.5% of the votes, portion Barnes, the state's lieutenant governor, had 49.3%, with 94% of the ballots counted.

Three different states person yet to find the winners of the elections for U.S. Senate: Arizona, Georgia and Nevada. In each 3 of those races, Democrats are incumbents.

Republicans request to triumph 2 of the outstanding seats to get bulk power of the Senate successful 2023. Pennsylvania's unfastened Senate seat, which is presently held by a Republican, was won by a Democrat.. GOP campaigner Dr. Mehmet Oz conceded his nonaccomplishment to Democratic Lt. Gov. John Fetterman earlier Wednesday morning.

Before Johnson's triumph was projected, helium said successful a connection that helium had clinched the race.

"Truth has prevailed implicit lies and the authorities of idiosyncratic destruction," Johnson said.

"I privation to convey my household and everyone who supported maine and worked truthful hard to prevention this U.S. Senate seat," helium said. "I volition bash everything I tin to assistance marque things amended for Wisconsinites and to heal and unify our country."

— Dan Mangan

Control of the U.S. Senate successful 2023 could instrumentality days, and possibly weeks, to resolve, arsenic votes are inactive being counted successful 3 states.

Because Democrat John Fetterman flipped the GOP-held Pennsylvania Senate seat, Republicans request to triumph 2 of the races for the Democratic-held seats successful Arizona, Georgia oregon Nevada to triumph Senate control.

Democrats request to prevail successful 2 of those 3 races to clasp their majority.

Georgia could beryllium headed to a run-off predetermination connected Dec. 6 if nary Senate campaigner cracks 50% of the ballot successful coming days.

With 96% of the votes counted successful Georgia arsenic of this morning, incumbent Democrat Sen. Raphael Warnock had 49.2% of the vote, with his Republican challenger Herschel Walker holding 48.7%. Libertarian campaigner Chase Oliver had 2.1% of the vote.

In Arizona, a overmuch smaller percent of the votes were in, which means it could instrumentality respective days much to resoluteness the contention betwixt Sen. Mark Kelly, a Democrat, and his Republican challenger, Blake Masters. Kelly had 51.9% of the vote, and Masters had 45.9%.

But conscionable 67% of the ballots had been tabulated successful Arizona, wherever galore voters submitted ballots early, earlier Election Day.

Ballots that were submitted astatine polling places connected Tuesday volition instrumentality days to person their signatures verified and counted.

In Nevada, Republican challenger Adam Laxalt had 49.9% of the vote, compared with the 47.2% of the ballot held by Sen. Catherine Cortez Masto, the incumbent Democrat.

But conscionable 80% of the ballot successful the authorities was in.

And due to the fact that astir of the ballots volition beryllium mail-in votes, which person 4 days to get if they are postmarked by Election Day, it could instrumentality respective days, if not more, to get a last result.

— Dan Mangan

Dr. Mehmet Oz called John Fetterman to concede helium mislaid the U.S. Senate predetermination successful Pennsylvania, and aboriginal issued a connection urging "everyone to enactment down their partisan swords and absorption connected getting the occupation done."

The telephone by the Republican Oz came hours aft NBC projected Fetterman, the Democratic lieutenant governor, arsenic the victor successful the Keystone state.

With 94% of the votes in, Fetterman had 50.3% of the vote, portion Oz had 47.2%.

Fetterman's triumph was a large 1 for Democrats — who are battling to clasp their razor-thin bulk successful the Senate — due to the fact that the spot is presently held by Sen. Pat Toomey, a Republican.

In his statement, Oz said, "This greeting I called John Fetterman and congratulated him. I privation him and his household each the best, some personally and arsenic our adjacent United States Senator. Campaigning passim our large Commonwealth was the grant of a lifetime, and I volition cherish the memories and the radical I met."

"We are facing large problems arsenic a state and we request everyone to enactment down their partisan swords and absorption connected getting the occupation done," Oz said.

"With bold enactment that brings radical together, we tin make existent change. As a Doctor, I ever bash my champion to assistance others heal. That's wherefore I ran for Senate. I anticipation we statesman the healing process arsenic a federation soon."

— Dan Mangan

Former President Donald Trump hosted an election night enactment Tuesday astatine Mar-a-Lago, his Florida resort, and invited a afloat excavation of reporters to papers what helium hoped would beryllium a Republican landslide.

But arsenic returns began to travel successful Tuesday evening, the Republican rout driven by Trump's chosen candidates ne'er materialized.

In 1 of the country's astir high-profile races, Trump's handpicked Senate campaigner successful Pennsylvania, Dr. Mehmet Oz, lost to Democratic Lt. Gov. John Fetterman, according to NBC News. The effect outgo the GOP a Senate seat.

In Michigan, Trump-endorsed Republican Tudor Dixon lost a gubernatorial race, portion 2020 predetermination denier Kristina Karamo mislaid her Trump-backed bid for caput of state, NBC projected.

In Arizona, Kari Lake, a erstwhile newscaster turned gubernatorial campaigner who is 1 of Trump's astir high-profile picks, trailed Democratic Gov. Katie Hobbs successful a contention that NBC considered excessively aboriginal to call. Trump-endorsed Senate hopeful Blake Masters, who is challenging Arizona Democratic Sen. Mark Kelly, besides lagged successful a contention that NBC said was excessively aboriginal to call.

— Christina Wilkie

Voters successful Michigan, California and Vermont person amended their authorities constitutions to support termination arsenic a right, NBC News projects.

Michigan volition go a important harmless haven for reproductive rights successful the Midwest, a portion wherever termination entree is shrinking arsenic states specified arsenic Indiana and Ohio person passed precise restrictive laws.

Although termination was ne'er nether menace successful wide California and Vermont, the authorities law amendments volition support entree for aboriginal generations.

In blimpish Kentucky, voters were asked whether the authorities constitution should beryllium amended to accidental that it does not support termination arsenic a right.

The votes are inactive being counted and NBC News has not made a telephone yet. So far, however, 51.4% of Kentuckians person voted against the anti-abortion measurement portion 48.6% person voted successful favour with 82% of the ballot in.

— Spencer Kimball

Ballots are inactive being tabulated from Tuesday's midterm elections leaving which enactment controls either enclosure of Congress uncertain, but 1 happening is clear: The Republican "red wave" did not materialize.

Venture capitalist J.D. Vance scored an aboriginal triumph for Republicans, retaining Ohio's vacated U.S. Senate spot for the GOP by beating U.S. Rep. Tim Ryan. But Democrats saw captious wins successful Pennsylvania wherever Lt. Gov. John Fetterman flipped a U.S. Senate spot bluish by defeating TV property Dr. Mehmet Oz. Pennsylvania's Democratic lawyer general, Josh Shapiro, won the governorship, beating authorities Sen. Doug Mastriano who attended the Jan. 6, 2021, onslaught connected the Capitol.

Unlike the 2020 election, Pennsylvania was not among the past to beryllium called, but respective different captious races stay undetermined Wednesday morning. Senate races successful Nevada and Arizona are inactive excessively adjacent to call, with Georgia's U.S. Senate contention looking apt to spell into a December runoff. Neither enactment has claimed power of the U.S. House with respective seats near uncalled. Republicans are inactive much apt to instrumentality power of the House majority, but it won't beryllium with the margins they had hoped.

"Definitely not a Republican wave, that is for darn sure," said Republican Sen. Lindsey Graham of South Carolina connected NBC News connected Tuesday evening. "A question would person been, like, (winning) New Hampshire and Colorado."

— Emma Kinery