9:16 p.m. ET: CNN projects Republicans will take control of the House and win at least 50 seats. MORE
9:12 p.m. ET: CNN's Ed Henry reports Senior Democrats are "spooked" that CNN has already projected that at least two House Democrats have lost in Virginia, freshman Rep. Tom Periello and veteran Rep. Rick Boucher. Periello's defeat is a particularly big blow to Obama because just last Friday he headlined a rally for the freshman lawmaker in Charlottesville that drew just over 9,000 people.
Senior Democratic officials close to the White House are privately starting to express deep concern that the early signs suggest President Obama may be on the path to losing in the neighborhood of 60 seats in the House, which would easily hand the majority to Republicans and exceed the 52-seat battering then-President Bill Clinton suffered in 1994.
9:07 p.m. ET: Rand Paul addresses supporters in Kentucky: 'We've come to take our country back!"
9:02 p.m. ET: CNN gubernatorial projections: Republican Sam Brownback wins in Kansas, Democrat Andrew Cuomo wins in New York, Republican Rick Perry wins third term in Texas.