12:36 a.m. ET: CNN's Ed Henry reports President Obama has called John Boehner, likely the next House Speaker.
12:32 a.m. ET: Big loss for President Obama. CNN projects Republican Mark Kirk beats Dem Alexi Giannoulias for the seat the president once held in Illinois.
12:28 a.m. ET: In Rhode Island, ex-GOP Senator, now independent, Lincoln Chafee wins the governor's race. Democrat Frank Caprio was none too happy President Obama declined to make an endorsement in that race.