Live updates on 2022 midterm election results

President Joe Biden said Wednesday he is eager to work with congressional Republicans after the midterm elections, but stressed he would not compromise on issues such as abortion rights and Social Security.

“I’m open to any good ideas. I want to be very clear: I’m not going to support any Republican proposal that’s going to make inflation worse,” Biden said, giving the example of removing the prescription drug price cap for Americans on Medicare passed by his party. “And I’m not going to walk away from the historic commitments we just made to take on the climate crisis. They’re not compromise-able issues to me and I won’t let it happen.”

— Emma Kinery

Former President Donald Trump is celebrating the wins of Republicans he endorsed for the 2022 midterm elections, despite losses for many of his preferred candidates in key races.

“I really think we had great candidates that performed very well,” Trump told Fox News. He offered examples in a range of GOP incumbents and newcomers who won Senate races: Sen. Chuck Grassley of Iowa, Sen. Marco Rubio of Florida, Eric Schmitt in Missouri, J.D. Vance in Ohio, Ted Budd in North Carolina and Sen. Ron Johnson of Wisconsin.

But Trump’s anticipated success for a bevy of candidates he endorsed has not come to pass. U.S. Senate candidate Mehmet Oz’s loss to Democrat Jon Fetterman in a hotly contested Pennsylvania race and 2020 election denier Kristina Karamo’s loss to Jocelyn Benson for Michigan secretary of state are two high-profile examples.

Trump told Fox claims that he was “furious” at the election outcomes are a “fake news narrative.” The results have not swayed his plans for a “major” announcement this month about a possible 2024 presidential run, he added.

“We had tremendous success,” Trump said. “Why would anything change?”

—Chelsey Cox

President Joe Biden said he planned to run for reelection in 2024 regardless of how his party fared in the midterm elections — which were viewed in part as a referendum on him.

“Our intention is to run. That’s been our intention regardless of what the outcome of this election was,” the president told reporters as control of both chambers of Congress was still up in the air.

Democrats are expected to lose fewer than expected House seats and could keep control of the Senate. The party beat expectations despite voters’ concerns about inflation and a possible economic slowdown.

Biden said he could make a decision on whether to run for a second term by early next year.

Asked whether he would prefer to face Donald Trump or Florida Gov. Ron DeSantis, who is considered the former president’s most likely 2024 rival, Biden did not choose.

“It’ll be fun watching them take on each other,” he said.

— Jacob Pramuk

President Joe Biden said his Democratic Party beat back expectations of a strong Republican performance on Election Day.

“It didn’t happen,” the president said of predictions of a “red wave” that would lead to the GOP holding a strong grip on the House and Senate.

Biden spoke to reporters as election results poured in across the country in races that will determine control of Congress. While Republicans are expected to win control of the House, they are set to gain fewer seats than initially thought. Meanwhile, Democrats have so far gained one Senate seat.

Biden said he is “prepared to work” with Republicans if they win control of one or both chambers of Congress. He added that he expects to speak soon to House Minority Leader Kevin McCarthy, the most likely next House speaker if the GOP flips the House.

— Jacob Pramuk

U.S. Rep. Angie Craig, D-Minn., won her bid for reelection against Republican opponent Tyler Kistner, NBC News projects.

Craig first won election to the House in 2018 and has held on to the seat ever since. She also beat Kistner in the 2020 race for Minnesota’s 2nd Congressional District.

Craig defeated Kistner by about 5 percentage points, according to NBC.

—Chelsey Cox

Tuesday’s election results show that Latino voters aren’t as conservative as many political pundits have come to believe, according to a leading Democratic Latino campaign organizer.

“Since the end of the 2020 cycle there has been this running narrative that Latinos are becoming more conservative that has only increased in the past couple of months,” said Victoria McGroary, executive director of Bold PAC, which is the campaign arm of the Congressional Hispanic Caucus. “The narrative was ‘this is where the Latino community is going’ and it’s just not true and it’s something that we’ve known for a while.”

McGroary said despite a plethora of stories highlighting Latina women running for Congress, many of the big Republican names like Mayra Flores and Cassy Garcia in Texas, Yesli Vega in Virginia and Yvette Herrell in New Mexico, lost. Races have been called for five new Latino Democratic representatives, including Max Frost in Florida who will become the first Gen Z member of Congress, and more are likely to join.

“These are advocates for our communities for their communities. They are coming they are ready to make that change,” McGroary said. “They are not coming to sit around and watch anything they are ready to lead the charge and fight for change.”

— Emma Kinery

Of the hundreds of Libertarian Party candidates who competed in races up and down the ballot around the country, just 15 emerged victorious, and nearly all of those seats were at the local or county level, according to the party’s election tracker.

But one libertarian, Chase Oliver, appears to have left a mark on the all-important Senate race in Georgia.

Oliver clinched just over 2% of the vote in that race, where incumbent Democratic Sen. Raphael Warnock is defending his seat against Trump-backed GOP rival Herschel Walker, according to NBC News projections. NBC’s count of the neck-and-neck Senate race shows Warnock and Walker each just shy of the 50% vote threshold, triggering a runoff election set for Dec. 6.

Depending on how other key Senate races shake out, the Georgia runoff could decide which party holds majority control of the upper chamber of Congress. Oliver’s 2% share of the race may have siphoned away enough votes to put one of the two major candidates over the top.

“Last night, Libertarians demonstrated that we have the power to change outcomes in key elections. Even as election results pour in, we have confirmed 15 wins for our party in red and blue states alike—states including Iowa, Kentucky, Arizona, Nebraska, and Colorado,” Libertarian Parry spokesman Reed Cooley said in a statement.

“With the majority of our wins being on the local level, we are playing the long game to become a serious contender in the years to come,” Cooley said.

— Kevin Breuninger

House Minority Whip Steve Scalise, R-La., announced he is running for majority leader if Republicans take control of the House.

“I am asking for your support to be the next House Majority Leader,” Scalise said in a letter shared by his office with CNBC. The letter came shortly after House Minority Leader Kevin McCarthy, R-Calif., announced he was running to be speaker of the House.

Scalise’s…