Obama responds to Republican victories, looks ahead

Barack Obama
President Barack Obama makes an opening statement during a news conference in the East Room of the White House in Washington, Wednesday, Nov. 3, 2010.
AP Photo/Pablo Martinez Monsivias

President Barack Obama holds a press conference in Washington to discuss Tuesday's election, and what it means going forward.

Republicans came away with a resounding victory in the midterm elections, with a commanding majority in the House and gains in the Senate. Republican leaders are vowing to deliver on their "golden opportunity" to roll back the size of government and President Obama's signature health care law.

In the second hour of the show, Congressman Jim Oberstar holds a press conference to discuss his defeat. In the third hour, Democrat Mark Dayton discusses the latest on the gubernatorial race.

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