Election Summary

November 29, 2012

Election Summary

On November 6, 2012, the United States held elections for the Presidency as well as Senate and House offices.  While the long term implications of these election results are still undetermined, there were clear winners in these long run races.

The incumbent, President Barack Obama, defeated his challenger, Governor Mitt Romney, and will return to serve for a second term.  While Florida has yet to be called for either candidate, President Obama has already reached the crucial 270 vote mark from the Electoral College, which ensures his victory.  In the coming weeks, we will have a better understanding of cabinet positions, specifically who will remain and who will be replaced.

Additionally, the Republicans retained control of the House of Representatives while the Democrats remain in power in the Senate.  While elections are not fully complete for either chamber of Congress, Republicans have captured more than the 218 seats needed for control of the House and Democrats have more than the 51 seats needed in the Senate.  Running as Independents, Angus King of Maine and Bernie Sanders of Vermont won their Senate elections.  Both Independent Senators are expected to caucus with the Democrats.

In the near future, we will have a better understanding of leadership positions within Congress.  Current Speaker of the House, John Boehner (R-OH), is expected to return to his position.  However, there has been speculation that House Minority Leader, Nancy Pelosi (D-CA), will take a step back from her leadership position in the 113th Congress.  In the Senate, Harry Reid (D-NV) is expected to return as Senate Majority Leader while Mitch McConnell (R-KY) is likely to return as Senate Minority Leader.

SNMMI will continue to provide updates as they become available.