Edison Research predicted that Republicans had won at least 210 House seats, eight fewer than the 218 needed to take the House from Democrats and effectively halt President Joe Biden's legislative agenda.
According to a Reuters analysis of the leading nonpartisan forecasters, 33 House races had not yet been decided, including 21 of the 53 races that were considered to be the most competitive.
This likely means that the outcome will not be known for some time. Republicans continue to hold the advantage.
The Senate's future was much less certain. In Nevada and Arizona, where officials are methodically counting thousands of uncounted ballots, either party could win sweeping races that are too close to call.
In the event of a split, Georgia's Senate majority would be decided in a runoff election for the second time in two years. Both Republican challenger Herschel Walker and Democratic incumbent Raphael Warnock failed to reach 50% on Tuesday, putting them in a one-on-one battle on Dec. 6.
Republicans would be able to shape the remainder of Biden's term even if they only had a slim majority in the House, putting off issues like abortion rights and opening probes into his administration and family.
On Wednesday, Biden acknowledged that fact and stated that he was prepared to collaborate with Republicans. According to a source within the White House, Biden spoke on the phone with Republican House leader Kevin McCarthy, who had earlier in the day announced that he would be running for speaker of the House if Republicans took control of the chamber.
Biden stated at a White House press conference, "The American people have made clear, I think, that they expect Republicans to be prepared to work with me as well."
With a hard-right wing that doesn't care about compromise, McCarthy may have trouble keeping his fractious caucus together if he becomes the next House speaker.
In a showdown that could spook financial markets, Republicans are expected to demand spending cuts in exchange for raising the nation's borrowing limit next year.
Republicans, on the other hand, would be able to block Biden's nominees for judicial and administrative positions if they controlled the Senate.
MIXED RESULTS Biden has struggled with low approval ratings and the party in power has historically lost heavily in a president's first midterm election. However, Democrats were able to steer clear of the crushing defeat Republicans had anticipated.
The results on Tuesday suggested that voters were retaliating against Republican efforts to ban abortion and cast doubt on the nation's vote-counting process, as well as punishing Biden for the steepest inflation in 40 years.
At a time when hundreds of Republican candidates supported Trump's false claims that the 2020 presidential election was rigged, Biden had framed the election as a test of American democracy.
On Tuesday, some people who deny the election won, but many people who wanted to be in positions to oversee elections at the state level lost.
Biden stated, "I think it was a good day for democracy."
Trump had mixed results when he actively recruited Republican candidates.
He won Ohio, where author J.D. Vance of "Hillbilly Elegy" won a Senate seat to keep it in Republican hands. However, several other candidates backed by Trump were defeated, including retired celebrity surgeon Mehmet Oz, who lost a crucial Pennsylvania Senate race to Democrat John Fetterman.
Meanwhile, Ron DeSantis, a Republican governor of Florida who might run against Trump in 2024, won reelection by nearly 20 percentage points, raising his national profile even more.
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