Obama Concedes GOP Victory, Calls for Cooperation

A day after Republicans took control of the Senate and gained seats in the House, President Obama today admitted the GOP "had a good night" on Tuesday night.

"Obviously, Republicans had a good night and they deserve credit for running good campaigns," the president said during a news conference in the East Room of the White House this afternoon.

"What stands out to me though, is the American people sent a message," he continued. "They expect the people they elect to work as hard as they do. They expect us to focus on their ambitions and not ours. They want us to get the job done."

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