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In South Dakota, Democratic Sen. Tim Johnson claims victory with just 500 votes more than his Republican challenger, Rep. John Thune. In Minnesota, former Vice President Walter Mondale concedes to Republican Norm Coleman. Hear NPR's David Welna.

We note the propositions that won and those that were defeated in yesterday's voting. All state initiatives to liberize marijuana laws failed to pass. Florida voters banned smoking in restaurants and most workplaces. And Oklahoma banned cockfighting. (1:00)

Harvey Pitt resigns as chairman of the Securities and Exchange Commission. Pitt had a stormy 15-month tenure as SEC chief and was recently under fire for his handling of the appointment of William Webster to head an accounting oversight board. Hear NPR's Jim Zarroli.

Harvey Pitt resigns as chairman of the Securities and Exchange Commission. Pitt had a stormy 15-month tenure as SEC chief and was recently under fire for his handling of the appointment of William Webster to head an accounting oversight board. Hear NPR's Jim Zarroli and James Cox of Duke University.

Business groups are pleased with the Republican takeover of Congress. They say they were especially influential this year in electing pro-business candidates. Labor unions and their Democratic allies are, of course, not happy about election results. NPR's Peter Overby reports. (4:00)

Robert Siegel talks with E.J. Dionne, a columnist for The Washington Post and senior fellow at the Brookings Institution, and with David Brooks, senior editor at The Weekly Standard. They discuss the highlights of last night's election results. (6:00)

Robert talks with Sen. Mitch McConnell (R-KY) about the Republican Party winning control of the Senate. In the new Republican-controlled Senate, McConnell is expected to become Majority Whip.

NPR's Ina Jaffe reports that there was some good news for Democrats in the outcome of Tuesday's governors' races. The Democrats increased their hold on statehouses -- in Illinois, Pennsylvania, Michigan, Arizona and Oregon. They also picked up seven other seats held by Republicans or independents. But they were unable to oust Jeb Bush in Florida, elect Kathleen Kennedy Townsend in Maryland or keep Roy Barnes in Georgia. (3:00)

John talks with Ralph Reed, chairman of the Georgia Republican Party, about Republican victories in his state. Republican Saxby Chambliss won a Senate seat from Max Cleland and Sonny Perdue's win will force Democrat Roy Barnes out of the governor's office. (4:30)

Robert talks with various Democratic thinkers and leaders about what happened to Democrats in yesterday's election. At issue is whether the leadership and/or party failed to give a clearly defined message and mission. Guests include former Clinton Chief of Staff Leon Panetta, Al From of the Demorcratic Leadership Council, Sen. Byron Dorgan (D-ND) Rep. John Lewis (D-GA).