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The battle for the Senate was a proving ground for the new Citizens United politics. Outside groups unleashed heavily funded barrages of attack ads meant to help elect candidates while letting them keep their distance from the nastiness. In Ohio and Virginia, the tactic failed in rather dramatic ways.

Mitt Romney delivers his concession speech in the presidential race in Boston.

The economy wasn't the only issue that voters were concentrating on, and President Obama's message in several other key areas during the debates and in campaign speeches contributed to his victory.

Two independent candidates won their Senate races on Tuesday, but third-party candidates barely put a dent in the presidential outcome.

President Obama will spend another four years in the White House after winning more than 300 electoral votes. In his victory speech from Chicago, the president promised that the "best is yet to come."

Obama has become only the third U.S. president to win re-election by a narrower margin than his first victory. Having won a second term, Obama will seek to set the nation's agenda on issues ranging from taxes to immigration, but he may continue to struggle in selling his ideas to Congress.

Initial indications from within the GOP were that Mitt Romney's defeat wasn't seen as a rejection of the Republican platform as much as a failure of its standard-bearer to run a competent enough campaign to defeat a vulnerable incumbent.

The U.S. Senate is also expected to break a record: At least 19 female senators will serve this term — the most in history.

It wasn't a great night for the Republican Party, losing bids for the White House and control of the Senate. But Republicans did retain the majority in the House. Speaker John Boehner found some consolation in that, and speaking to supporters Tuesday night, he remained steadfast in his pursuit of a conservative agenda.

In Boca Raton, Fla., BocaNewsNow reports a woman showed up with a shirt that said Mitt. She was denied entry to vote. But a closer inspection of her shirt showed the Republican candidate's first name was misspelled. An election supervisor let her vote after confirming the shirt said MIT, the Massachusetts Institute of Technology.